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Where is your SL set at
+1 Reply
petejcunningham WinterGarden1994
@WinterGarden1994, I rarely tend to use SL. If I did, however, it would be at 1567.5 level.
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Do you not think that trend line has been touched too many times?
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petejcunningham CrazyCartel
@CrazyCartel, Potentially. Expand on what you mean
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CrazyCartel petejcunningham
@petejcunningham, The more a trend line gets touched the weaker and more likely it is to break.
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petejcunningham CrazyCartel
@CrazyCartel, Perfect, yeah. So as we speak it broke out to the prediction because the trend was getting weak. Especially because we could see that the bottom kept producing new higher lows. The market overall is bullish long term anyway so we can assume at some point it would go up anyway.
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