Failure of the uptrend channel does not always mean a change of trend, sometimes we give the possibility of failure of the channel floor and after the failure of the channel floor, the price does not move downwards as desired.
When the floor of a valid uptrend channel is broken, the price is on the first static support and there we have the initial reaction to the level.
Now, if the market trend is upward, the price will easily be supported at that point and will move upwards.
At other times, the price settles on the static support and suffers from a trend.
If the support level does not have much throwing power, the probability of breaking the support level increases and in case of failure, the traders' point of view changes.
Good Luck 🎲
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When the floor of a valid uptrend channel is broken, the price is on the first static support and there we have the initial reaction to the level.
Now, if the market trend is upward, the price will easily be supported at that point and will move upwards.
At other times, the price settles on the static support and suffers from a trend.
If the support level does not have much throwing power, the probability of breaking the support level increases and in case of failure, the traders' point of view changes.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅