In this trading range situation neither the buyers nor the sellers have the upper hand.
Indeed, to gain the upper hand on one or the other, one of the two lines must be broken with force, that is to say the resistance line or the support line.
In the present case it is the support line which was forcefully broken by the sellers where supremacy over the buyers thus led to a heavy decline.
Indeed, to gain the upper hand on one or the other, one of the two lines must be broken with force, that is to say the resistance line or the support line.
In the present case it is the support line which was forcefully broken by the sellers where supremacy over the buyers thus led to a heavy decline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.