BAND has risen sharply today but has reached a hidden resistance now. Thus I am expecting a correction downwards before it perhaps may rise again. Mind that we are within a bearish trend and we have not fallen through the previous low to trigger stoplosses.
Comment:
Sorry, the explanation is not correct. The last sentence must be: Mind that we are in bearish trend an a fall through the previous low shall trigger stoplosses.
Trade closed: target reached