Let's wait for confirmation before we buy.
Use a tested strategy to trade.
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Good luck which ever way it breaks :)
however if it did decisively break that line then you would be correct in looking toward possible down side.
Although it appears to be below that trend line already in my opinion that is only due to the placement of the line not the fact the price has "broken" below that level if that makes sense. i find it easier to draw trend channels and support recent channels to create a guide as to price will react in this general area as opposed to a line because price cant be expected to react specifically on that pin point line as people will have them in varying locations....
if it had truly broken the trend line you would have expected it to move away quicker but it is actually just hanging around this area, so again i would suggest it has more to do with the placement of the line more than anything. I hope that makes some sense... this is my opinion only though and not all would agree.
I think that is somewhat what i was trying to say in the sense that lines will be only good as a guide as they are placed there by yourself (and other humans on there own chart) so they will be in all different places so they are not generally accurate.
Anyhow, regardless i very much enjoy seeing your ideas and continue to build knowledge through them, so thanks for the time you put in to publishing them. All the best
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