Option1:this would be more likely as its currently on the pivot area for price to go short for week(meaning the breakout was False) then price would come back to bearish channel..
Option2: would be price retesting the broken resistance to confirm support
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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.