Clicks is in a bearish trend with price restricted by the resistance line. The expectation is for price to continue trending down & break below the lower support line. At the same time RSI 14 (not shown here) should reach oversold conditions & turn upwards.
If price goes below 26 September low then the major trend becomes bearish. After price makes a swing low and broken the lower trendline long positions can be sold & turned short when price makes a swing high above the current resistance level. The lower blue trendline would come into scope.
If price goes below 26 September low then the major trend becomes bearish. After price makes a swing low and broken the lower trendline long positions can be sold & turned short when price makes a swing high above the current resistance level. The lower blue trendline would come into scope.
Trade closed manually:
RSI close to oversold & price is looking to resume uptrend.