Ascendas Reit - When Will The Pull Back Stop

Bar 1 - Bearish bar with heavy volume

Bar 2 - Another bearish bar but volume reduced by around half

Bar 8 - Price goes down below uptrend line

Bar 12 - Smart monies confirm want to push price downwards

After that, smart monies just continue to push Ascendas Reit price down following the upper down line.

Up till down, I still consider this a pull back but a long one.  A-Reit trader are waiting sideline for a strong push above the upper line (buy on resistance breakout) or a strong push down the lower line (shorts on support breakout).

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.