This downtrend line on BAC, represents a resistance where traders can take advantage of selling opportunities in rebounds.
It is recommended confirm the downtrend line. It could be after a third rebound, then, you can sell in any rebound and hold the position before the downtrend line get broken.
When the downtrend get broken you must buy.
It is recommended confirm the downtrend line. It could be after a third rebound, then, you can sell in any rebound and hold the position before the downtrend line get broken.
When the downtrend get broken you must buy.