A simple rule I plan to live by with these quick swing trades, long or short, as soon as there are two closing candles going against you, time to close out...
Normally I would call that a bad buy, with a head and shoulders look that could crash to new lows, BUT, the RSI and MACD and Slo Stoich show real nice long term divergences up as the price fell, and moves close to bullish zones on the indicators that predict oversold conditions on price now and thus a nice possible bounce. And that was the place for it to bounce that you bought!!! Nice one!!!!
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