The effect of the false breakout in downtrend.
The market maybe push down by the resistance zone due to the effect of the false breakout that may lead the market to hold 3 or more touches in the resistance zone. click to the daily, 4h and 1h.
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.