We are in a correction looking to break out. I am suspecting a little more down before a move up to break the blue trend line.
If price drops below the last low 79.045 I will draw a trend line 80.453 pivot and trade a break out of that LTF TL.
If price drops back to the .50 near the green daily TL I will watch carefully for a bull signal. (a higher risk trade).
If price breaks out strongly above the blue 4 hr trend line I will wait for the small correction and trade that break out.
See my breakout plan on the link below.
If you like the breakout plan please let me know and I will repost it for others.
Educate yourself, crate a trade plan, validate your ideas with other trader's ideas. Own your trade good or bad.
If someone never admits they were wrong in trading they are a bold faced liar.