My thought on the chart is that the bottom was created by the two lows on 16th August 2018 and 12th September 2018. If the support-level will hold or not I try to figure out with the using of the "Relative-Strength-Index"-Indicator and the small Fibonacci-Retracement (purple).
If the yellow-labled RSI-support-level will NOT be undershot, then I SUPPOSE a up-trend. If not, then I SUPPOSE a down-trend. In this case I use the RSI to get a sense how the flair of the market is. Due the RSI I get more confidence in my decisions.
My Stop-Loss is closely under the important 61.80% level of the small Fibonacci-Retracement (purple). If this level will be undershoted, then I will get out and SUPPOSE a pullback to the 0% (blue Fibonacci)) / 100% (purple Fibonacci) level.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.