If the upper trendline is broken, my plan is to take a long (swing) targeting the orange line.
At which point, (depending on the price action) I'd expect short opportunities (scalp).
A breakout and retest of the orange line could announce bulls are back in control.
Right now I don't think it's wise to take a swing in any direction, only scalp.
(I forgot an arrow with the text "from here yo here", pretty sure you'll figure what I meant :)
At which point, (depending on the price action) I'd expect short opportunities (scalp).
A breakout and retest of the orange line could announce bulls are back in control.
Right now I don't think it's wise to take a swing in any direction, only scalp.
(I forgot an arrow with the text "from here yo here", pretty sure you'll figure what I meant :)