This is for learning purposes.
As you can see PDD formed a triangle. After downward breakdown, it tried to retest the same level it broke from and got rejected. That rejection could have been a great puts play.
As you can see PDD formed a triangle. After downward breakdown, it tried to retest the same level it broke from and got rejected. That rejection could have been a great puts play.
Note
As you can see, while going down, it filled the gap as well.
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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.