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BUY ZONE 1 Trade Plan- Price currently testing 200 DMA
- Volume is currently heavy
- Wait for a successful defense of 200 DMA and close above down-sloping trendline ; I like to see 2 consecutive closes above prior to entry
- If 200 DMA definitively fails, go to Buy Zone 2 Plan
BUY ZONE 2 Trade Plan - Wait for this area to be successfully defended by bulls ; Want to see a definitive break above down-sloping trendline with a 2 day consecutive close above.
- If you are extra conservative, wait for a break and close above 20-day MA.
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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.