Multiple scenarios available:
a) If long term support (purple) is able to squeeze price past fiv lvl 0.236 and past the descending yellow resistance = BUY.
b) If price is not squeezed and falls through the purple support, it plays into the descending pennant. Fact that i broke longterm bull trend in bad sign.
If it breaks the descending resistance its a buy signal, if breaks support strong sell signal.
a) If long term support (purple) is able to squeeze price past fiv lvl 0.236 and past the descending yellow resistance = BUY.
b) If price is not squeezed and falls through the purple support, it plays into the descending pennant. Fact that i broke longterm bull trend in bad sign.
If it breaks the descending resistance its a buy signal, if breaks support strong sell signal.