From left to right a 3 Years support broken Now, and a pullback confirmed
The importance that gives the time to drop below the 31.00 area (3 Years of support)
this is the reason I support my self in weekly charts because this idea work for swing traders and position traders
Technical Concept: Support becomes Resistance (Resistance=Red Arrows) (Support=Blue Arrows)
Not because the concept is simple this not mean that it does not work
look the last blue and red arrow look above and below concept, support and resistance in real time
31.00 support area is the key of this idea
This is my #50 short selling idea and more than 80% of my past ideas are working
The trader can use your own setup, system, risk profile, Indicators, etc...
position sizing and stop loss vary by trader and your capital
The importance that gives the time to drop below the 31.00 area (3 Years of support)
this is the reason I support my self in weekly charts because this idea work for swing traders and position traders
Technical Concept: Support becomes Resistance (Resistance=Red Arrows) (Support=Blue Arrows)
Not because the concept is simple this not mean that it does not work
look the last blue and red arrow look above and below concept, support and resistance in real time
31.00 support area is the key of this idea
This is my #50 short selling idea and more than 80% of my past ideas are working
The trader can use your own setup, system, risk profile, Indicators, etc...
position sizing and stop loss vary by trader and your capital