Reasons for this long term short:
1. It’s still in a major downtrend: lets ride the wave
2. It broke previous low on daily and weekly structure
3. Waiting for pull back at entry zone( preferably at flip zone)
4. Make sure to watch for rejections from the upside(wicks at the top of the candles)
1. It’s still in a major downtrend: lets ride the wave
2. It broke previous low on daily and weekly structure
3. Waiting for pull back at entry zone( preferably at flip zone)
4. Make sure to watch for rejections from the upside(wicks at the top of the candles)