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S&P 500
6,528.52
(
2.91%
)
US TECH 100
23,130.76
(
3.58%
)
Dow Jones
46,341.51
(
2.49%
)
Brent Oil
103.14
(
-5.00%
)
Bitcoin
68,204.85
(
2.25%
)
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Post# of 865646
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FaithfulAndTrue

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FaithfulAndTrue

Re: TradeNaked post# 528174

Wednesday, 05/22/2019 1:41:24 PM

Wednesday, May 22, 2019 1:41:24 PM

Post# of 865646
Yes, I see it often on a breakout that the price shoots back down to test the support of where the breakout occurred (what was once resistance) only to then bounce back up and go on the huge uptrend that the breakout signified. That is right where we are now: testing that new support.
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