UPCOMING SIL TREND BREAK

17 Jan

Downward trend since late October with 3 (almost 4) touch points. A break could have a close enough upward support to justify a low risk long entry. Lots of upward room before reaching a level of support and resistance. Would need an additional touch point or more time to justify a short entry on a downward break.

20 Jan

Catatan

20JAN UPDATE:

Additional touchpoint achieved on the upward trend line. Both the rising and falling trend lines now have enough time and data validation to justify either a long or short entry depending on which way price action moves.

23 Jan

Trade aktif

Short entry on broken trendline