Description in chart
Kommentera:
This kind of behavior shows that there is demand around the previous low, so if you enter short in a lower time frame, better to be careful and tight your stop o put your trade at break even ... at this point is up to you
Kommentera:
The expected down leg developed after the price approached to the shorting zone area pointed in the chart ... however, after the price made the major swing low, the sellers where unable to keep pushing lower and the market went up with strength ... but for those who had a good short entry the down leg gave a good opportunity to take profits or tal least took a break even shot