DO NOT BUY AT CURRENT LEVELS. BE PATIENT AT WAIT FOR THE SUPPORT OR TRENDLINE. PRICES MAY NEVER FALL TO THOSE LEVELS BUT PATIENCE IS A VIRTUE TRADERS MUST CULTIVATE.
Comment:
One of gambler's paradise legs is at the wrong place (support) sorry can't edit it. Hahaha
Comment:
The trendline was not tested. The bearish move down is strong, no bar has broken higher. Wise to wait for support or change in price action to form bullish view.
Comment:
An Engulfing Bar formed on 6th Aug. However, It didn't close strong enough to merit an entry. Will let this pass.