It would have triggered the end of drifting down correction and upmove to resume. It did not give good reversal yesterday...is it reversing today ? The stops in such a case is a pivot low or the bar 0 low.
We are still in uptrend as the trend has not changed yet....so we have to be long...so look for opportunity to go long. This is as far as swing is concerned.
Day trading is different. Here we are in a short term downtrend.
It would have triggered the end of drifting down correction and upmove to resume. It did not give good reversal yesterday...is it reversing today ? The stops in such a case is a pivot low or the bar 0 low.