This chart shows the big picture of my recent idea. As you may see, in 2016 the market started to fall after a big rise in mid 2013. Following the trendline, price should touch the support line, which means a great sell opportunity as I said before. However, future candles should not surpass this level, because it has been tested several times since 2013.
As I find this line a major support, there should be a correction at this point and a bullish motion until it touches the resistance. This is a really long trade idea and I really hope we take advantage by this two trading ideas I am introducing to you.
Hope it is useful and trade with care!
As I find this line a major support, there should be a correction at this point and a bullish motion until it touches the resistance. This is a really long trade idea and I really hope we take advantage by this two trading ideas I am introducing to you.
Hope it is useful and trade with care!
