Is Buying the Support here a good idea?

Обновлено
INSY has reached it`s Pivot Support Zone @ 8,75$. Trading below that level could initiate a sharp sellingwave. In my opinion are here based several strategical and tactical stop loss orders which could acellerate the downmove.

-The anticyclical risk Lover could buy this actual Level, this anticyclical Long has a very nice Chance-risk Ratio. I don`t trade such situations - i never fight against the trend. The TP could be the min. correction fibo @ 10.75$ снимок -My favourite Szenario would be the breakout, the break of the Support.
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The RSI is signalizing, that we perhaps will not break direct through the Support Level, so i exspect a move like illustrated with the blue line.

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the first step is done снимок
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the support was bought....let`s see if it is sustainable
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it seems not to be sustainable, it seems very weak to me so i exspect a dynamic sell off theses days if we trade belo 8,75 снимок
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this is the last Chance to take a Long....but that is anticyclical and very risky, so u should wait for a procyclical Long Signal, for example stoppbuy > 9,5 снимок
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for me the most Logical trade is the short, stoppsell below the lows at 8,75
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bearish Flag Attack! снимок
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reached trading mark again! снимок attention pls!
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they really bought the support again...against my exspectation! we kissed the upper sedge of the flag -this is the next decision point снимок
Сделка активна
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flag is activated снимок
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neearly reached flag tp снимок
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downwave in full swing... снимок
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the Chart brightens in the shortterm view with Prices > 7,7
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yeahhhhhhhhhhhhhhhhhhhhhhhhhhhh
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Сделка закрыта: достигнута тейк-профит цена
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Is this a buying candle near the trend bottom edge, the possible "2?" ? снимок
Support and ResistanceTrend Analysis

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