Breakout after descending trendline. Price breaks out after third touch and created equal high before retesting the trendline.
Price is currently at the nearest zone.
Possibility 1: retrace back up to make a LH or new high
Possibility 2: Price will continue down to retouch the trendline before pushing up.
Price is currently at the nearest zone.
Possibility 1: retrace back up to make a LH or new high
Possibility 2: Price will continue down to retouch the trendline before pushing up.
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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.