The market trapped sellers at the resistance from a range that grab liquidity at about rsi 40 breaking that channel and retest it above the resistance of price.. so we can expect higher prices temporary where sellers will continue for a new lower low
The low flavors s bullish reversal as mentioned and there we’ll look for signs of a market shift to ride the break out of the larger timeframe neg bearish ranging channel ( when price is below historical price action and is trading within a channel negatively ( below the historical price action as resistance)
As bearish ranging channels supports bullish breakouts as mentioned buyers will need a double bottom (db) to confirm higher prices
Gl
The low flavors s bullish reversal as mentioned and there we’ll look for signs of a market shift to ride the break out of the larger timeframe neg bearish ranging channel ( when price is below historical price action and is trading within a channel negatively ( below the historical price action as resistance)
As bearish ranging channels supports bullish breakouts as mentioned buyers will need a double bottom (db) to confirm higher prices
Gl