Multiple scenarios available:
a) If long term support (purple) is able to squeeze price past fiv lvl 0.236 and past the descending yellow resistance = BUY.
b) If price is not squeezed and falls through the purple support, it plays into the descending pennant. Fact that i broke longterm bull trend in bad sign.
If it breaks the descending resistance its a...
Price is likely to break into the blue section of the GANN FANN. If this does occur it plays into the potential Head and Shoulders developing and the price is likely to drop to bottom of the section. Therefore do not purchase stock until price movement is concrete and if price drops only purchase at the bottom of the blue section
