Bounce on Support and Resistnace

Uptrend - Bounce on Support

• Prices are above EMA 200 in PT
• Prices retrace and create a support
• Support is created
  • Prices stops creating lower low and moves up
  • Prices touching the same level twice or more
  • Draw Support line
• Prices moves above the support line
• RSI exhibits strength

Uptrend - Bounce on Resistance - First Cycle

• Prices are above EMA 200 in CT, In PT below EMA 200
• Prices break significant Resistance and first cycle is created
• Prices go below significant resistance
• RSI exhibits strength