Been trying to get better familiar with chart patterns.
At the top left/middle of the chart. Would I be correct in saying that a resistance level has been breached and then turned into a support level?
If this is the case. Why does this happen? I mean, what is the reasoning behind a resistance level then it becoming a support level once breached.
edit: far right of the chart. Does this look like a possible breakout pattern?
ncm_ax10jul08_to_06jan151.png
At the top left/middle of the chart. Would I be correct in saying that a resistance level has been breached and then turned into a support level?
If this is the case. Why does this happen? I mean, what is the reasoning behind a resistance level then it becoming a support level once breached.
edit: far right of the chart. Does this look like a possible breakout pattern?
ncm_ax10jul08_to_06jan151.png
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