Why I've sold all my BRN... and all my other Stocks, page-669

the black outer lines are the long-term trend lines where the price has peaked (resistance) and bottomed (support).

The green box is the bullish run the price has had and it starts from the bounce off the long-term support line and ends with a rejection off the resistance line.

The red box is the bearish run the price has had and starts from the rejection off the long-term resistance line and finishes with a bounce off long-term support.

Currently as you will agree the price is heading a terrible time and that is because we are going through another bearish period.

Using the historical data I formulated I just looked for the next bounce off long-term support (bottom) and then the next Potential rejection off resistance.

BUT there is a possibility we could break the long-term resistance line but normally the price will return back to the resistance line confirm as support before it starts a new price discovery.

i hope this answers your question my friend...