We see from the chart price has been moving in a downtrend, recently consolidated for a bit, then broke out and is now trying to find support.
Can we see a LONG run? Let's find out.
What we would need:
Markup:
The yellow vertical line is a visual of where we are trapping price.
The dotted trendline is a visual showing the break of the trend.
The solid trendline is a visual showing price respecting the movement.
Can we see a LONG run? Let's find out.
What we would need:
- Retest of the trendline
- Support being shown
- Price Action/Candlestick Patterns
Markup:
The yellow vertical line is a visual of where we are trapping price.
The dotted trendline is a visual showing the break of the trend.
The solid trendline is a visual showing price respecting the movement.
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The orange line is where I assume resistance will be for the next few candles.
Still moving the direction for our setup.
The orange line is where I assume resistance will be for the next few candles.
Still moving the direction for our setup.
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We should see a push happening here
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If you view the live data above as of this comment - price is looking for support which seems like the breakout is the potential target for a setup - just as it did before!
Wouldn't that be a treat !
Wouldn't that be a treat !