Today, the resistance levels are tested 3 times before it is finally broken to the upper side, and then check the rally we have.
For today's price action the learning is, the market will test the resistance multiple times before it actually breaks it.
To confirm the breakout, we have to wait for a minimum of 3 times the market touches the resistance level. 4th time if it breaks the resistance then we can confirm the up move of the market.
For today's price action the learning is, the market will test the resistance multiple times before it actually breaks it.
To confirm the breakout, we have to wait for a minimum of 3 times the market touches the resistance level. 4th time if it breaks the resistance then we can confirm the up move of the market.