it is common for a trend break, channel break, to be followed by one last test of the down channel line.
this can translate into a new bull trend, or it could trade sideways for a time.
if it gets back below the down channel line then the bear market will likely continue.
I think a successful retest is more likely.
this can translate into a new bull trend, or it could trade sideways for a time.
if it gets back below the down channel line then the bear market will likely continue.
I think a successful retest is more likely.
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