I see that it has been tested several times..and it is not piercing through.
And all those tested always have a minor retrace...but so far none go to the green trendline.
So it would be a good place to put my short. My plan is if it passes through the purple resistance and then come back to test as support and then continues up. i would closed my trade as loss. I wont make the mistakes of averaging down in a uptrend. So my stoploss is tight.
And all those tested always have a minor retrace...but so far none go to the green trendline.
So it would be a good place to put my short. My plan is if it passes through the purple resistance and then come back to test as support and then continues up. i would closed my trade as loss. I wont make the mistakes of averaging down in a uptrend. So my stoploss is tight.