A down trend can be plotted in both scenarios and also in both scenarios a price jump above on the third test can be observed
In the first case this led to a price rise
We just need to wait to see if the price rise repeats in the second up bounce above trend line
The 200MA is kinda irrelevant but in both cases the up bounces (in green) are above the 200MA
In the first case this led to a price rise
We just need to wait to see if the price rise repeats in the second up bounce above trend line
The 200MA is kinda irrelevant but in both cases the up bounces (in green) are above the 200MA