After forming lower high and lower low several times in the chart downtrend was conformed and I kept eye on the stock.
On 28th of May in the last 2 hours, the one-hour candles were formed above the trendline and I was expecting a positive movement after the second health bullish candle above. The second conformation was RSI getting stronger and the gap up opening and it was a strong sign to be in the trade.
It was purely price action based strategy banged on target.
On that second candle, I entered into the trade and I nearly earned approximately 10% of profit in just a day.
On 28th of May in the last 2 hours, the one-hour candles were formed above the trendline and I was expecting a positive movement after the second health bullish candle above. The second conformation was RSI getting stronger and the gap up opening and it was a strong sign to be in the trade.
It was purely price action based strategy banged on target.
On that second candle, I entered into the trade and I nearly earned approximately 10% of profit in just a day.