- Price has dropped fast down to channel support and were at the point where we will see a bounce of the channel or breakout to the downside
- If there is a breakout to the downside TP target would be around the light blue support line drawn on the chart
- In my experience fast moves into support and resistance often tend to bounce off support or resistance or have fakeouts
- If there is a breakout to the downside TP target would be around the light blue support line drawn on the chart
- In my experience fast moves into support and resistance often tend to bounce off support or resistance or have fakeouts