Breakdown today with bearish strength, opening short position with stop above 54.31 Target is 47.58.
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji. I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level. Change my mind if the price breaks the resistance level at 16.09.
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji. I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level. Change my mind if the price breaks the resistance level at 16.09.