Long

CHN

Updated

CHN - MA and parallel darvas are holding.
- bounce play.

Trade active

I have not entered the trade yet. If I buy at the box top, it may have been too late and might consolidate later and I hate waiting. This is suppose to be a bounce play but I was too late I guess. Notice though that there's actually a confluence of DB50 and MA50 - which is still a good trigger to buy. Well I'm still late for the DB50 entry.

For now, wait for the consolidation then re-enter. Keep an eye of the RSI too.
Learning:
1. Missed the DB50 and MA50 confluence.

#DB50

Note

My bounce is supposed to be 3 days but this bounced for 2 days only with SLOW momentum. I'm glad I did no take the trade. It indeed consolidated further.

YasBC

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.