- Just broke out of lower BB band
- Sitting on the lower trend line
- RSI oversold on 1D
We could see a bounce right now on the lower trend line, it is possible if a turn around happens that we could see 80k this time around and with a stop loss not far below the entry right on this trendline just below the accumulation zone our risk reward ratio for this trade...
Who cares direction trade the trend, in this chart we can see a short opportunity then a long , then a short....
Watch for the breakout from channel or the bounce from center line that is all you need then trade the direction.
Bulls and Bears both get slaughtered but a trade can trade any market or direction/condition.
Good time to long while we are at the bottom of channel, remember we are still in down trend so will be better trade to take short at the top of channel, i am taking long now at the bottom for i feal we will break out of this chan to the upside in under 60 days.