stops on the recently GS long would objectively be (have been) under the horizontal resistance line or the downtrend line (on a closing basis for swing-traders), depending on if/where you entered the trade as well as your own trading style on stop parameters. i often like to set stops with a little margin of error on the other side of the break-point (a downtrend line, horizontal resistance, etc.. where the trade was triggered once taken out). therefore, on the GS long, using the tighter stop just under the horizontal line, this trade would already be stopped out. of one took GS long on the break of the downtrend line, then consider a close below that line (we are currently trading just below it). other traders might prefer to use a flat percentage stop or a trailing stop. as usually, these charts are posted in chronological order so if you don’t wish to view the previous charts, just click on the last chart (on right).
