Feb 5, 2024

Buy to -27% / zone at 188.398

Confluences:
B&R trendline
divergence
-27% on counter trend

wait for b&r current zone around 187.258 OR B&R
OR B&R at trendline at 187.356

Yorum:

Sell indications noticed and entry stipulations not met, thus buy not executed.

The steeper trendline from the beginning of structure at 185.510 had a break & retest to the downside at 187.421 and then price broke below the zone at 187.109 to then retest at 187.487,

Sell confluences:
1. B&R to downside of both trendlines
2. price retested counter trendline as resistance
3. price did not pass high at 187.519

Sell was not executed either but what a beautiful trade!