Downtrend - rejection from yearly pivot

As you see we hit yearly pivot Support 1 from previous year. That is why price stalled. But since its downtrend and price is under bearish volume pressure (AD line si very bearish) I expect to see a breakout to current Support 1 as it already touched it several times - the more touches, the weaker the support level.

Trade stängt: målet nått:

1 TP hit (swing low, dialy pivot). I ll reenter on pullback.

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