Looking likely for a bounce back to the 50% of the drop, Strong support. Has a few road blocks above so may be a bumpy ride. Usual stop loss MGMT.
Note
Bounced here at 236 of larger timeframe. Weekly 200 will be a challenge.
Note
These MA's may cause a problem. Will move stop up to Scratch if we get away to lock in any profits. Trade closed: stop reached
Stopped out here.
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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.