A Channel down pattern is trading range between diagonal parallel lines. It forms when an up or downtrend is formed between parallel support and resistance lines and suggests either a possible reversal in the trend or a change in the slope of the current trend.
Entry Price: 78.44
Take Profit: 87.50
Stop Loss: 77.29
Entry Price: 78.44
Take Profit: 87.50
Stop Loss: 77.29
ok so i was suspecting and abcd to around 70 but i also didnt think it would happen. 70 is where i am re buying this after getting stopped out in profit.
always roll stops to breakeven