Hello traders!

The numbers on the screen are the number of breakouts of the trendline. It’s important for us to count breakouts to take a decision.

A single trend does not break more than 4 trendlines . This bearish trend has already broken 4 times so I am expecting a move towards upside from here.

Every lower low or higher high is forming a new trendline but we are not counting HH,HL/LH,LL we are counting breakouts.

Most probably market will not break the 5th trendline before breaking the 4th trendline from another side. So it’s good to buy from here.

In any case, if it breaks it now before breaking the 4th trendline from upside then it will go deeper because it will form a pattern below the 5th trendline and that pattern will break upside as a fakeout and will dump again, that dump will be the final move and it will be a good sign for a buyer to catch the buys again.

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