There are 2 major trend lines. The purple and the magenta. I was puzzling as to which one we will test. Since we were so bullish in the days before, I put my bet on the closer one and entered a long position at 7770 (red line approximately). Unfortunately, selling pressure was strong and we went as low as to the lower trend line (magenta).
At this point, I still believe we are bullish and soon will go back up. If we break the major trend line (magenta), then I'll exist and favor bearish position.
Press play on my previous post, linked down here.
At this point, I still believe we are bullish and soon will go back up. If we break the major trend line (magenta), then I'll exist and favor bearish position.
Press play on my previous post, linked down here.
