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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。