Modum MOD breakout
There are more scenarios. It could go up and break through resistance (black), it could go down to low support zone and bounce back to resistance and breake through (orange), or it could be like scenario 1 or 2 and bounce back to support zone and break through resistance later (pink).
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Related publications
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.