Description
⋅ Nice validation of the blue Median Line. The lower end of the blue zone also coincides with a 50% retracement of the previous swing (P2 to P3)
Comment
⋅ A break of support < 611 means deeper correction is unfolding & blue zone analysis will be invalidated
Trade active
⋅ Support in the blue zone held. Now monitor support along the lower parallel (or the sliding parallel just below) for new highs.
Trade closed: stop reached
⋅ Stopped out at 817. Deeper correction unfolding now.