First it drops
then (Green Phase): Move higher and higher to cover some last candles of drop (But this high will not touch halfway of dip)
Then (RED phase): those high are now going to become lows with same resistance and support levels
And when price action reaches the same level that we bottom of previous drop; another Drop starts 😉
then (Green Phase): Move higher and higher to cover some last candles of drop (But this high will not touch halfway of dip)
Then (RED phase): those high are now going to become lows with same resistance and support levels
And when price action reaches the same level that we bottom of previous drop; another Drop starts 😉
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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.