Bullish trendline keeps beeing rock solid 📈 We can clearly see a bullish trendline confirming the trend since mid-May.
✅ The trendline has been tested and confirmed on multiple occasions, especially over the last two weeks.
🔥 The candles that broke through ended up attracting a huge amount of buyers, turning them into extremely bullish candles. The wicks at times indicate traders clearly respecting the trendline, while the closely following 50-day SMA has so far acted as a reliable safety net.
🎯 I’ve used the trendline and SMAs to trade short term multiple times, and it has worked wonderfully so far.
🟢 Once we reach the trendline or the SMA, I go long. If we break through the 50 and 200 SMAs and close beneath them (important!), I’m out.
💰 So far, this has brought me some nice gains. If the trend breaks: so be it. It has already given me great opportunities. Winning five times and losing once should always be considered a huge win in trading, as long as you manage your risk.
⚠️ This is not financial advice! I just wanted to share how it has played out for me so far. At the very least it might help others see similar patterns in the future. For now, as long as the trendline holds, my personal outlook remains bullish. If we break it, we might see bearish momentum.
