1. it's at a support area .
2. Once it breaks down, the length of the downtrend would be twice of the length of previous uptrend(it's 12.75 points as shown in the chart),
so the length might be around 25 points, between 77 and 78.
We have an opportunity with stock HAE to go long, this stock is in a strong uptrend, and after a retracement could go up again….
Entry at break of previous candle at 110,60
Stop at 105,95
Take profit 119,90
This trade offers risk reward 1:2