Expecting a retest of the support level which will take out any stops residing below the lows (on margin exchanges) and then a rally up to the highs of the range. A false break below the range before turning upwards (spring) would not surprise me
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.