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PAZINI19
Jul 18, 2022 12:25 PM

Analysis 

Nike, Inc.NYSE

Description

Hello! As you see on the chart we will have a big probability of a downtrend if we have a breakout with force the support line by a big candle with a large volume because the support line is more important than the resistance line. But there may be a continuation of the uptrend if the vwap and resistance line were forcefully broken by a large green candle and accompanied by large green volume.
Comments
felekpl
It's not a support line but rather a trend line. Support line would be horizontal at certain value, same like resistance
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