What they didn't tell you. After determining the levels, we have 8 scenarios, not two scenarios. But here I have identified two more likely scenarios. If market wants to breakout the specified levels, consider updating the levels. But normally, this support and resistance can be reliable.
Note
The resistance level was broken. The pullback was done and now I expect to reach the next resistance
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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.