A guide into 2023 with trendline
A guide into 2023 if prices stay below its classic downtrend line; not breaking above.
It was all along in its classic uptrend line before 2022, but it has transited into its downtrend on the 3rd week of this year, when it broke below its support.
Before 2022 strategy:
• Buy on dips and can either target for both short and long-term
• Any sell-short, keeping it short-term as it is against its uptrend
2022 and after strategy:
• Sell into strength and can either target for both short and long-term
• Any long, keep it short-term as it is again its downtrend
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/gopro/#compa...
It was all along in its classic uptrend line before 2022, but it has transited into its downtrend on the 3rd week of this year, when it broke below its support.
Before 2022 strategy:
• Buy on dips and can either target for both short and long-term
• Any sell-short, keeping it short-term as it is against its uptrend
2022 and after strategy:
• Sell into strength and can either target for both short and long-term
• Any long, keep it short-term as it is again its downtrend
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/gopro/#compa...
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