As you can see the price reacted to the blue dashed support line and the green area drawn above is our current important resistant level of the price because the of 50% retracement fibo level + dynamic resistance line of the daily char (The pink link) + static ATR resistance area (The green area).
After the previous fall of the price I expect the price to rise high up to the 50% Fibo level and break the support blue dashed support line. However, if the price rises and break the green important ATR area I expect the price the enter the new channel and start a side (complex)movement.
After the previous fall of the price I expect the price to rise high up to the 50% Fibo level and break the support blue dashed support line. However, if the price rises and break the green important ATR area I expect the price the enter the new channel and start a side (complex)movement.