We’re looking for a bounce from either edge. Aggressive play: Long from the bottom of the range (high risk, high reward). Conservative play: Short from the top of the range. If the trendline breaks and holds, it could invalidate the downside continuation and open the door to a trend reversal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.