When you're Dancing on the ceiling; Short then LongWe recently broke-out of a trading range, to the Upside. Short now for Temporary Profits, or, Wait for the price to follow the grey line I drew in illustrating the likely Anticipated move. Buy long, at-or-near the Pullback (top Dashed line).
Should go (up) Down Upppp!
For your added Confidence, i recommend Waiting for a Bullish Candle After the retest to Pullback Level; you Want to See a Green candle after touching that Dashed line.
Retests
WHY IS MY TRADE STILL RED?? When will I see profits??!This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease.
Example shown is of DAX30/GER30
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