We are in a bullish rally from the past years, and whenever it crosses a support, the panic comes, you know what happens when a trend is broken, it follows a new trend to the opposite direction.
What happens when a diagonal trend is broken in the case of a long bullish rally here? Well, you expect a major correction or crash. But is it really the time for it for FRA40? I don't think so.
However, FRA40 seems to be breaking it's trends, making more downsides than usual, but they all usually stop at the next and simple horizontal support.
The pink lines are shown where the correction ends up before continuing the rally. In this time, it broke, and it bounced at the 4182 support point. It tried to break it again with no success forming a double test. It broke a minor downside trend and it seems to go up.
What happens when a diagonal trend is broken in the case of a long bullish rally here? Well, you expect a major correction or crash. But is it really the time for it for FRA40? I don't think so.
However, FRA40 seems to be breaking it's trends, making more downsides than usual, but they all usually stop at the next and simple horizontal support.
The pink lines are shown where the correction ends up before continuing the rally. In this time, it broke, and it bounced at the 4182 support point. It tried to break it again with no success forming a double test. It broke a minor downside trend and it seems to go up.