OUR SHORT IS TO THE NEARESR SUPPORT. AT THAT LEVEL SHOULD EXPECTED EITHER OF TWO OUTCOMES, A BREAKOUT FOR A CONTINUATIONAL PUSH, OR A REVERSAL/PULLBACK.
BUYERS PUSHED PRICE PASSED ITS DAILY RESISTANCE. POST THE BULLISH MOVE, WE THEN SAW SELLERS TRYING TO REGAIN MARKET CONTROL BUT ONLY TO PUSH PRICE TO SUPPORT, TO SERVE AS A BREAK-OUT AND RETEST ILLUSTRATION TO THE UPSIDE.
I BELIEVE THIS HAVE BEEN AN EASY ANALYSIS BECAUSE OF ITS TEXTBOOK PLAY.
NB: DO NOT FORGET TO USE PROPER RISK MANAGEMENT.
