Possible trend reversal coming up, needs a few closes below the line marked w/ text. Simple trade guys. If it closes below let it fall, get short on the pull back OR vice versa. No trade yet, just waiting for a directional signal. Gut says short it though. NOT FINANCIAL ADVICE, TRADE SAFE!
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Got several closes below the marked text. Already tested the next level down. My expectation is that it will pull back up to test highs and then proceed to swing low. Get short on the pullback, GG.
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Didn't give us the pullback we wanted but it did what we expected as far as direction. GG.
