$BTC
Further Selling is Refused – This phrase indicates that sellers tried to push price lower but failed to break the diagonal support. The rejection of lower prices signals a shift in momentum, often leading to a bullish breakout.
· Diagonal Support Example – A rising diagonal support line (in an uptrend) or falling diagonal support (in a downtrend) acts as a dynamic floor. When price respects it multiple times and then bounces upward, it confirms the support’s strength.
In practice (EUR/USD H4):
On a 4‑hour chart, such diagonal supports are valuable for spotting trend continuations or reversals. The refusal of further selling after the breakout suggests that buyers gained control, and the prior triangle served as a consolidation phase before the next move.
If you’re trading this setup, typical entry points are after a confirmed breakout above the diagonal resistance (or above the triangle’s upper boundary), with a stop loss below the last support touch (point 4). The “size transformation” hints that the pattern may have been adjusted to better fit recent price action—common when using direct pattern recognition methods.$ETH
