Classic Trend continuation trade. Looking for a push back up to broken support and find new resistance. Then looking to continue back down to the next Major Level. Keep an eye on black support line because that is a major psychological level and is in between a gap that has not been filled yet. If we get a break of that level Looking for another push back up and going to re enter with a little higher volume and continue the rest of the way down.
Note
Trade did not continue down passed 1.0 Major Quarter point. We are now looking long on this trade once we get a pullback down to MQP and a continuation to the upside.
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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.