💎 SNX has significantly caught the market's attention, having recently achieved a notable milestone by breaking through a key resistance area, along with completing the Eve Adam Pattern. This pattern is typically recognized as a rounding bottom, indicative of a bullish trend.
💎 Presently, SNX is demonstrating a robust bounce during its retesting phase at what was previously resistance, now serving as support. This positive momentum suggests a probability continuation of its upward journey, with our next goal being a formidable resistance area.
💎 However, there is a concern: if SNX fails to maintain its upward trajectory and loses support upon returning to this area, it could signal a false breakout. Such a scenario would not bode well for SNX's future direction, possibly leading to a downward trend back towards the demand area.
💎 At the demand level, a strong rebound is essential for SNX. If it fails to show a significant recovery from this zone, there's a risk of further breakdown. This could lead SNX into a deeper bearish trend, potentially moving towards a stronger support area.