Price has been rejected at the sliding parallel of the upsloping median line set where we have a pending sell setup awaiting to complete. In case of price climbs to the upper parallel of the red fork we may enter with a short position aiming the median line and the lower parallel of the fork. Sl should be placed above previous swing structure
Daily chart showing sliding parallel acting as resistance
Daily chart showing sliding parallel acting as resistance
Trade closed: target reached:
First target reached
