STMX TREND CONTINUATION STEPSHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
Trend_Following for STMX.
As we can see price is still overall bullish trading inside this rising broadening wedge pattern
As we are bullish, we are still searching for new longs
And as we can see price is in a correction movement inside this falling channel.
So, for now and for the bulls to kick in again we need a new swing high to be formed around the falling trendline then a break as shown in the picture
Until that price can still dive more lower till the support where we will be looking for new longs
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
