Breaking red resistance line and making it new support is very necessary for a trend reversal. Failure to break might result in more downside. A decent break of red line ($13.4) will be extremely bullish as we might easily go above previous all time high of $20 and beyond.
- I am not a financial advisor.
- You should trade only if you can loose money and still be fine.
- Do your own research.
Visit my trading courses.
Trading course series - #1 - Introduction
Trading course series - #2 - Risk management
Trading course series - #3 - Risk reward ratio
Trading course series - #4 - Patterns(1)
Trading course series - #5 - Patterns(2)
Trading course series - #6 - Patterns(3)
Trading course series - #7 - RSI
Trading course series - #8 - Support and resistance
