break or bounce scenario
my bias is that price will go down. lets see how this plays out.
I have 3 break outs here
break out 1 is my 1st acending trendline.(short term)
breakout 2 is my support area
breakout 3 is my acending trendline (long term)
I will be waiting for another breakout of my resistance area to go short.
I have 3 break outs here
break out 1 is my 1st acending trendline.(short term)
breakout 2 is my support area
breakout 3 is my acending trendline (long term)
I will be waiting for another breakout of my resistance area to go short.
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