As we can see the upward trend is valid and continuing. Stoploss 4 hr candle close below White line. White and yellow lines are modified in my new script to determine fake bullish or bearish trends. Script Link : 
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Note
Stoploss reached waiting for 4hr candle close below white line for short entry.
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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.