#6: Roles Change/Reversal
This is when a previous support level becomes a resistance levels and a previous resistance level becomes are support level.
The support turned resistance and resistance turned support forex trading strategy is built around this concept.
When a major support or resistance levels get broken and price moves away from it, don’t be fooled…
One day, price may head back to the broken level and guess what will happen?
Roles may reverse so it is not truly over yet so don’t forget that.