Short SAVE as it breaks the Demand zone & the trend changes
FOLLOW THE TREND AS IT CHANGES
Long-term chart (W) Trading chart (D)
First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ
from the longer term (W) chart.
price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss
Second trade (shown here)
Since price broke below DZ, the new trend is Down. as price retested into the DZ. I looked to short the stock.
a higher high candle gave a good CVR for the short as the price broke through it. on the next red candle the SHRT IS OPEN
Long-term chart (W) Trading chart (D)
First trade (undocumented) - The (W) was in uptrend. looked to (D) chart to take a LNG on price entering the DZ (demand zone) it was untested DZ
from the longer term (W) chart.
price entered the DZ & broke through it even closed below it. my STP was triggered & I took my loss
Second trade (shown here)
Since price broke below DZ, the new trend is Down. as price retested into the DZ. I looked to short the stock.
a higher high candle gave a good CVR for the short as the price broke through it. on the next red candle the SHRT IS OPEN