If a trend change occurs within the current support area, the start of an uptrend is likely. Then, depending on the price behavior within the resistance area, the continuation of the trend will be determined.
If the red support area is broken, the continuation of the downtrend is likely.
If the red support area is broken, the continuation of the downtrend is likely.
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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.