There are two possible scenarios drawn with yellow arrows:
Bullish Scenario: Price breaks the resistance trendline → continuation upward.
Bearish Scenario: Price rejects at resistance → pulls back to the support zone → then possibly makes another attempt to break out (a higher low setup).
Wait and watch till come for retracement then buy
Bullish Scenario: Price breaks the resistance trendline → continuation upward.
Bearish Scenario: Price rejects at resistance → pulls back to the support zone → then possibly makes another attempt to break out (a higher low setup).
Wait and watch till come for retracement then buy
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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.