The Trade: Buying at the lower parallel for a target of the median line.
Why: Price came back to retest both the horizontal and sloping levels. The horizontal level represented energy (look toward the left where price shot out of that level) - buyers are there. The sloping level represented frequency.
Why: Price came back to retest both the horizontal and sloping levels. The horizontal level represented energy (look toward the left where price shot out of that level) - buyers are there. The sloping level represented frequency.