2 scenarios here
1)so price is currently heading towards the broken support which will likely act as the new resistance, if it hold it will push price back down
2)if that resistance is broken there is a chance it will then be retested as the new support and if that happen it will sent price up to the next resistance level
2)if that resistance is broken there is a chance it will then be retested as the new support and if that happen it will sent price up to the next resistance level
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.