Travelers (TRV) hits Major Support

I had an alert set for Travelers TRV that hit this morning. It is the 50% Retracement Support on the Daily for the last 2 quarters of price action. This sets up a good long to retest the high should the level hold.

Trade chiuso manualmente:

The day after entry price passed my stop alert level. The following day it pulled back to the entry Support which provided the breakeven exit.

When price does a clear failure to hold a level I do not want it anymore. Anything can happen... but the violation is a bigger danger of price passing the level and entering "The Valley of Risk"