Trend identification tools show down trend in weekly time-frame.
Trend identification tools show down trend in daily time-frame.
Price has been meeting resistance at the bottom of the cloud.
Outcome:
22 Dec: Opened SHORT at $15.66
13 Jan: Covered at $16.20
Reason for closing: Price moved above the cloud and stop-loss triggered.
Loss $0.54, 3.4%
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