This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance.
As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.
You can get that free Month Opening Range indicator here:
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As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.
You can get that free Month Opening Range indicator here:
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Join my Telegram channel: t.me/TheCastAwayTrader
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Join my Telegram channel: t.me/TheCastAwayTrader
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。