The major downtrend TL is in confluence with the golden pocket from trend-based fib and the volume area high.
Looking for a possible short entry on a swing failure and subsequent rejection of TL. Will flip long on downtrend break if retested and held.
Looking for a possible short entry on a swing failure and subsequent rejection of TL. Will flip long on downtrend break if retested and held.
Trade closed: target reached
Took short on the swing failure and downtrend rejection. TP at daily level 38189.
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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.