Yesterday’s session went as expected. Personally, I did not take advantage of the descent because of my inattention because at the time I was doing something else. However, just before reaching the designated level, I already caught movement. In such situations, I do not wait for a confirmation (retest) because the large volume of transactions that formed there indicated a possible strong rebound. Therefore, after the first candle formed, which indicated the entry of high demand and the candle closed, the so-called “hangman” formation I took a long position. Currently, I expect further increases. In the meantime, a correction is possible, but I rather assume the exit from the top. Breaking the support will only switch my thinking to looking for a short position.
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2021-02-11