Breakdown from a trading range, faced with a pullback towards the support.
Now support acting as resistance.
Would be a false breakdown if goes back in the range.
But a perfect short if gets rejected at resistance.
Happy Trading :)
Now support acting as resistance.
Would be a false breakdown if goes back in the range.
But a perfect short if gets rejected at resistance.
Happy Trading :)
Comentarios:
More Rejection = More confirmation for a short.