-Don't take the trade as it's already at the previous resistance.
- Price failed to break the 3.2 resistance + with a gravestone Doji on very high volume => No trade criteria.
- Dangerous entry after the double top, bounced on the 50 Fib of the most major trend of the day = very strong support level. A bounce on that major-trend Fib level is always significant. Don't take the trade as the outlook is bearish after failing to break the previous high.
Trade Criteria: No Consecutive or Evident Volume Anomalies
- Buy on the trendline at the bottom (especially if it's aligned with VWAP or one of the Fibs or other confluence areas) for a low-risk trade with the stop-loss a few cents below the trendline.
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