The market strongly breaks our subjective support of r200ma on April 4, and then tests the $520.00 zone, forming a clear resistance in that zone which gives us an HL's, on April 12 the price breaks a $512.00 support zone, zone that the price could test and then form a downward trend, if our prediction is confirmed, the price could be looking for the $495.00...
we take this position at the time of breakdown at the zone of $ 20.20, and there we go, my espectation is that price arrive to the 19.80, if the price broke the 200 moving average ( subjective indicator) that many see like a major support, will see.
