Heavy sell off and no sign of upward momentum. All MA downward angles. Downward momentum is strong within channel. Still making LH LL.
Key support $158.35. Until it bounces off this level and shows some bullish candle patterns, I am cautious.
Preferred entry zone is below $160. Stop loss $156. But I would not take this trade yet. Very risky. It could get cheaper.
Key support $158.35. Until it bounces off this level and shows some bullish candle patterns, I am cautious.
Preferred entry zone is below $160. Stop loss $156. But I would not take this trade yet. Very risky. It could get cheaper.
註釋
$158 was holding for 2 days. Let's see if $156 will hold. Overall context is still downward bias.
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