This Chart show a very basic Trend line in green with three connection points acting as support.
It also show a Red resistance line at the top.
Assumption:
Price will bounce for a fourth time of the green trend line towards to top resistance line in red.
Assumption:
This could be the begining of a Trend
It also show a Red resistance line at the top.
Assumption:
Price will bounce for a fourth time of the green trend line towards to top resistance line in red.
Assumption:
This could be the begining of a Trend
Commento:
Green Trend line acted as support. Will e interesting to see will it retrace off the red resistance line or breakthrough and ecome support.