Where support becomes resistance.
Updated
Breakdown from a trading range, faced with a pullback towards the support.
Now support acting as resistance.
Would be a false breakdown if goes back in the range.
But a perfect short if gets rejected at resistance.
Happy Trading :)
Now support acting as resistance.
Would be a false breakdown if goes back in the range.
But a perfect short if gets rejected at resistance.
Happy Trading :)
Note
More Rejection = More confirmation for a short.
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