Price has broken below the trendline and re-tested the trendline as resistance forming a bearish engulfing signal.
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A bullish pinbar formed at the support/resistance level 131 and confluent with the daily 50EMA.
While the previous trendline has been broken, we are technically still in an uptrend and the pinbar tells me that 131 is offering support. Seems like there might still be another bullish move ahead.
Closing out to preserve capital for a better trade.
While the previous trendline has been broken, we are technically still in an uptrend and the pinbar tells me that 131 is offering support. Seems like there might still be another bullish move ahead.
Closing out to preserve capital for a better trade.