$SNXXB 30 Today's new low: 4.47, previous low: 4.62.
After making a new low, there are generally three possible moves:
① It rebounds to the previous low, then falls back: the downtrend continues
② It fluctuates around the previous low: shares change hands as the market waits for a direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low, so first let's see whether it follows ① or ②.
After making a new low, there are generally three possible moves:
① It rebounds to the previous low, then falls back: the downtrend continues
② It fluctuates around the previous low: shares change hands as the market waits for a direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low, so first let's see whether it follows ① or ②.
