i expect the price to bounce off yellow line then cross below red line making support>resistance...after that we will follow price action for continuation or reversal
OTHER SCENARIO: if price breaks above yellow line making resistance>support , it will retrace back to red line after which the trend is bullish and price is expected to go above yellow line making resistance>support..after that we will follow price action for continuation or reversal
OTHER SCENARIO: if price breaks above yellow line making resistance>support , it will retrace back to red line after which the trend is bullish and price is expected to go above yellow line making resistance>support..after that we will follow price action for continuation or reversal