Bounce back... trendline breakout... retest... down we go...
WHY DOES PRICE BREAK A TRENDLINE AND COMES BACK TO IT TO BOUNCE OFF IT?
My simple answer: I don’t know. It is just market behavior of supply and demand, buyers and sellers at work that somehow happens to cause price to come back to the trendline and make it bounce back up or down depending or what direction it was going initially.
My simple answer: I don’t know. It is just market behavior of supply and demand, buyers and sellers at work that somehow happens to cause price to come back to the trendline and make it bounce back up or down depending or what direction it was going initially.