has finally broken a major trendline
. I had not taken an immediate short, as I wanted the demand zone
(upper green rectangle
) to hit. Due to the law of absorption, the level should have triggered some orders and should be standing a bit weaker as a level now. If the price can return to the initial point or rejection (red zone, otherwise known as supply) I will be plugging my shorts in to target the lower green zone. R/R ~2, always satisfactory.