A clear break above the upper resistance line could signal a potential bullish reversal. However, a sustained move below the lower support could indicate further downside momentum.
NOTE: This is a general description based on the current chart pattern. Technical analysis should be used in conjunction with other factors before making any trading decisions.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.