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this trend line shows that here was a strong resistance but has been broken in our 2nd wave but did not act well enough as new support as you see after price rejected from our higher high point trend line support has lost now price reached to it again but i believe this area acts stronger when become resistance than support , now i think we have to see a brief and classical reversal pattern like double bottom or something stronger like triple bottom ( like the green circle ) or even a wide inverse head and shoulder to break it and start a bullrun to previous resistance zone ( higher high point )

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please share your opinions about this idea

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double bottom or triple bottom or inverse h&s ?

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this was exactly what i meant

mohammadhassanli

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di mohammadhassanli

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