Chart looks a little messy but price has broken the downward trend line and sits just
below the 618 of the downward move. If price can break and hold the top of the box
a move back to the high is possible.
below the 618 of the downward move. If price can break and hold the top of the box
a move back to the high is possible.
Note
I use a box like this to define my entries and control my risk. I stay long aboveand exit below.
Note
Stopped. Will re enter if it sets up again.
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Disclaimer
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.