Price reversed from a descending trend line and it broke out of an ascending one that is lined up with a support zone
Price has the potential to retest the broken zone and move lower towards the bottom of the descending channel
I will be waiting for a bearish opportunity on a lower timeframe to confirm the down move, will look for a 1hour bearish move.
Price has the potential to retest the broken zone and move lower towards the bottom of the descending channel
I will be waiting for a bearish opportunity on a lower timeframe to confirm the down move, will look for a 1hour bearish move.