BAND has risen sharply today but has reached a hidden resistance now. Thus I am expecting a correction downwards before it perhaps may rise again. Mind that we are within a bearish trend and we have not fallen through the previous low to trigger stoplosses.
Note
Sorry, the explanation is not correct. The last sentence must be: Mind that we are in bearish trend an a fall through the previous low shall trigger stoplosses.Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.