Stock is currently in a downward trend. Before 2018 strong upward trend. Thus, might be now only a correction on higher timeframes.
However, downward trend shows strength. I like the short-term upward trend, which I classify to be only a correction within the down-trend. Recently price showed sign of weakness, by the relatively deep downward pull within the last days.
Trade will be triggered, when price breaks through the consolidation to the downside.
Due to the recent strong upward trend, only the possible upcoming downward move will be traded.
However, downward trend shows strength. I like the short-term upward trend, which I classify to be only a correction within the down-trend. Recently price showed sign of weakness, by the relatively deep downward pull within the last days.
Trade will be triggered, when price breaks through the consolidation to the downside.
Due to the recent strong upward trend, only the possible upcoming downward move will be traded.
Comment:
Trade not triggered.
