you don't know if the price is going to go further down? or will it start a hike? the easiest way to track trend changes, one way is to use a trendline that is still valid (still not broken). As you can see in the picture, I have drawn 3 trendlines that are still valid, so, if you start buying make sure the price has broken the nearest trendline first. If you want to use SL, you can place your L in the SL zone, but make sure the price has broken the trendline first..OK
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all 3 trendlines still not broken.. no upward momentum signal occur..
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Price just made SL Hunter - Done
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we are still not entry buy because all trendlines are still not breakout