Price has been playing the same game since April 2021 and it looks like we are going to be continuing. Price has been seen bouncing on the support line twice (Yellow 1&2 arrow) and then retesting on the resistance before breaking the support and doing the same thing again.
The purple channel and yellow trendlines are all parallel
Seems as if price has made its first touch on a new yellow support so I'm predicting that price will go up for a retest and come back to make a second touch before breaking the support and going down again. Let's just wait to see how things play out.
Use proper risk management.
The purple channel and yellow trendlines are all parallel
Seems as if price has made its first touch on a new yellow support so I'm predicting that price will go up for a retest and come back to make a second touch before breaking the support and going down again. Let's just wait to see how things play out.
Use proper risk management.