Description
⋅ Today we have a short setup on Stocks.
Main items we can see on the chart.
a) The price is on huge lateral movement since March 2020
b) We can see 2 key support levels on the lateral movement
c) Currently, the price is on the edge of the inner support zone
d) There, we can see a clear corrective structure (yellow lines)
e) The next relevant level we can see is the based on the lateral movement that makes a convergence with the descending channel
f) We have set our pending orders as you can see on the chart; we will move our stop into Break Even when the price reaches the yellow lines
Remember: Trade Safe, protect your capital, and always understand what you are doing!