Time Frame: Daily & 4hr
Predicted Direction: Short
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I'm personally not in this trade.
1. What the indicator do you use to confirm the real pullback of this chart after the touch 38.20%?
2. And where is the breakout point?
FYI, I am beginner :D
The main indictor used is the 50EMA however i use multiple other techniques and indicators to confirm its validity.
A breakout is subjective and depends on the traders rules, i would first build a basic strategy and then build indicators and confluence factors on top.