bearish trend
i expect the price to bounce off yellow line then cross below red line making support>resistance...after that we will follow price action for continuation or reversal
OTHER SCENARIO: if price breaks above yellow line making resistance>support , it will retrace back to red line after which the trend is bullish and price is expected to go above yellow line making resistance>support..after that we will follow price action for continuation or reversal
OTHER SCENARIO: if price breaks above yellow line making resistance>support , it will retrace back to red line after which the trend is bullish and price is expected to go above yellow line making resistance>support..after that we will follow price action for continuation or reversal
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