If price bounces off first uptrend I would enter a long position at area 1. On the other hand if it breaks this uptrend line and later bounces off the previously broken downtrend line I would enter a long position in area 2.
Note
Never completely bounced off any of the drawn supports so there would of been no entry.Order cancelled
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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.