A/R lines reflect the natural resistance, or swing turns.
We see price already turned south after reaching the A/R line, bounced at the lower one and now toying with the upper one again.
But it looks week, not enough juice for a follow through.
The last bar's close looks very weak.
I tend to short a pullback to the upper A/R line.
Always - trading it small and often.
P!
We see price already turned south after reaching the A/R line, bounced at the lower one and now toying with the upper one again.
But it looks week, not enough juice for a follow through.
The last bar's close looks very weak.
I tend to short a pullback to the upper A/R line.
Always - trading it small and often.
P!
Trade closed: stop reached:
Bumped...next.