in an uptrend and in downtrend both, when the market closed just above or below the pink line..... it always opened with a gap and just below or above the pink line...... coz that pink line is working li support and resistance.... nowhere in this case, if bnf opens above the support (pink line) ... then it will consolidate and will try to breach it...
if bnf opens below the support line (where support becomes resistance)... then there will be a huge downfall
if bnf opens below the support line (where support becomes resistance)... then there will be a huge downfall
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