Monthly chart shows us a triple bottom and the day chart shows it is nearly done with the selling as well. Now it is likely to breakout of the white line from the inverse Cup and Handle pattern. From the candles, it shows weaken selling and buyers are getting stronger as well. We are taking a small position to test our hypothesis. Trade safely.
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a false breakout, we are in some losses now, not yet hit our SL yet.
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Sitting tight and doing nothing helps! In the past, I would get too impatient seeing red and could not handle the emotional roller coaster, demanding to have paper profits in all trade. That made me upset, buying and selling with a little profit and loss each time, very busy but not quite productive. Now I trade less frequent and let the time passes me by. So long as my trend prediction is right, the price action would show.It might not be in a linear direction as per the arrow I drawn on chart but so long the overall profit target is met, that is good enough for me.
Congrats to those who follow
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the next candle after this red one is crucial. a good entry point after the pull back. watch price action