Support becoming resistance.
one of my personal favourite set ups. Simple support become resistance. we could actually pin point an exact area in which we will be looking to sell this market from as we had an upward support / resistance line and we also had a downward resistance line, With that we also had the market rising into another previous structure ( grey line ) so this was an real pin pointed area we expected to be selling from. With this area show and the red line at the bottom shown being a larger outer structure I expect price to now continue to fall and will eventually reach the red zone.
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