Reasons for entry:
1- Broke descending trend line
2- Retested the descending trend line break.
3- Bounced off of my red Moving average
4- Rejected fib zone (50%-61.8%)
5- Previous support being rejected and previous resistance now acting as new found support.
1- Broke descending trend line
2- Retested the descending trend line break.
3- Bounced off of my red Moving average
4- Rejected fib zone (50%-61.8%)
5- Previous support being rejected and previous resistance now acting as new found support.
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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.