Potential Long Swing Opportunity.If R2 Pivot is breached with enough momentum, a retest of R3 Pivot Resistance could be possible. Be patient for an entry. Follow your plan and obey your rules.
Tradearcher
(D) Strong. With the market taking a breather, may findresistance here near R1 Pivot. Has also held support in EMA50 & EMA200 cloud. If looking for an entry, be patient.
Obey your rules.
(D) Not quite ready yet. Good for trading when bearishToo early for investing. Trouble there at EMA50. If support fails, S1 Pivot likely to tested for support.
Should bulls rush in, P Pivot will be tested for resistance.
One possible trade scenario. What matters is your plan and your rules.
(D) Follow up from earlier. Met S1 Pivot but momo likelyto continue. If so, it will hit round numbers on the way down.
If it is too sudden, it may chop some before testing prior lows.
Obey your rules.