Dip Was Expected

2020年8月7日

You can see we created a 3rd lower high on the MACD and also made a lower high in price so this dip was to be expected. Should have decent support around 11,150-11,250 but if we fall below these levels I'm expecting a test of the 10,600-10,800 support area that is pretty strong more so around 10,600. So if you missed the dip to short id be waiting to see how ST Support area holds as shorting at support is generally a bad idea even more so in a bullish pattern. Ill be adding small non leveraged longs around 11,250 but ill be watching for a break below our local support (11,150-11,250)as a swing short to 10,800> could be a possibility, Thank You For Your Time and Good Luck!!