Well, price behaved exactly as I described it would in the last posting. It came down, went below the 8ema to the trend line to the penny. Then it bounced a little and retraced the candle more than half way.
The important thing is what now? I'm going to follow my plan. Which is to hold as long as we don't close under the downward angled trend line. However, if we start sliding down the trend line and close below the previous swing low at 6.80, then I have to sell.
I don't know whether we go up or down from here but my expectation when I entered this trade was that if we retest this support level then we'll reverse off of it and continue upward.
See the previous posts on this thread for more details.
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