On the other hand, if the pattern fails and we break the below the support which is indicated by the pink line. We could expect to see prices go to previous values which are indicated by the support lines.
- - is leaving a lot of space for upwards movement if it breakouts above the line you can expect it to continue.
- RSI - is not as interesting as the but it does not show any signals, so you can expect that to work in favor of the bulls.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.