If the price can break the downtrend line, it will confirm the continuation of the uptrend. The breakout can be used for buying with close profit target and stop orders below the local swing low.
If the price bounces from this line, we should be ready to see the continuation of the falling. It will be logical as based on the daily time frame the market still has some space for correcting the previous upward movement. The price will have to break SMA200 and 70.00 for confirmation the strength of sellers. The target levels for the downward movement should be 61.50 and 50.00 support where the market will be able to give us good buy opportunities.
The best level for buying should be at 50.00 which forms a with SMA100, SMA200 and the main uptrend line.
P.S. If you want to become a professional trader and succeed in the financial markets, you should read these 3 articles:
They will help you to move in the right direction and protect your capital.
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