ABC.ASX_Down Trendline Breakout Trade_Long

ENTRY: 3.71
SL: 3.50
TP1: 3.87
TP2: 4.26

- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Showed strength on 4 Aug 2021.
- Retraced close to 50% Fib level (3.60) with lower volume.
- Breakout of down trendline with high volume on 18 Aug 2021.

Trade closed: stop reached