BSV has been consolidating for a week at a key level of significance.
Within this period it have been making higher lows and demonstrating accumulation. It is a clear trade to the next target.
Within this period it have been making higher lows and demonstrating accumulation. It is a clear trade to the next target.
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Stopped out
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The accumulation is clearly still there. One could enter a position again - Not leveraged would be better to avoid the spike down and take a loss like us on the first one.
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Keep an eye out for a lower high at these levels, momentum might shift
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Unfortunately we were in it too early and stopped following it. However, for educational purposes, look at the spring backtest of the support zone before the breakout - amazing.