After that dump, then dead cat bounce (price retraced back to the 50%) the new resistance level has been created. The price will most likely steadily go up trend until it meets that resistance. 2 possibilities: - If it manages to break through the zone of confluence then expect an attempt for the support to be built at that price range - If it gets rejected at the zone, then simple retracement back to the lower trend line
Trade fechado: objetivo atingido
It broke past the zone but failed to build support at the resistance. The usual sell off presumed and now fallen out of the trend
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