Strong ressistance or possible upport line

2021年1月8日

The red line is strong resistance. However we see that trend line was broken. Thereby I would way for the confirmation of the trend - retest from the red line either to the down side of upside.

https://www.tradingview.com/chart/jhGs8Htm/

Here I described the possible scenario.

• If price wil get lower than the highest low -> SHORT
  
• If price breaks the resistance leve and retests -> LONG
  

I am making this analysis first of all for learning purpose (as I am newbie in trading) and encourage people to do their own reasearch. Also, I will be happy for comments if I made mistakes.