A technique that I use is during a downtrend, the first pop above the 200sma 9/10 will produce a lower low and continue down to break the lows.
Price is currently popping above the 200sma
I will show you various examples of this technique from the last two years
Using this information, I will expect the lows to be broken and a new lower low will form, possibly down to the green line I drew.
Price is currently popping above the 200sma
I will show you various examples of this technique from the last two years
Using this information, I will expect the lows to be broken and a new lower low will form, possibly down to the green line I drew.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.