If the downward trend of the price is below the $5 range, the probability of forming a trend similar to the drawn scenario is high. As long as the loss limit is respected, we can make a good profit.
What do you think?
Note
The purple range ($5.62) was valid for us if the correction trend was below $5. Considering that the range of $5 has been maintained, we do not have the mentality to form a downward trend at the moment.
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Unfortunately, because the corrective trend was not below the $5 range, we did not enter the transaction, but according to the analysis and compliance with the loss limit, a downward trend was formed.
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