Price is in an uptrend. Price is currently at this level on the trendline.
Price needs to show its hand on what it wants to do.
If staying uptrend: need to show rejections on the trendline, and break the short-term retracement trendline.
If breaking the uptrend to go to the downside: need to break the trendline with a momentum candle to the downside.
Could be a nice trade! :)
Price needs to show its hand on what it wants to do.
If staying uptrend: need to show rejections on the trendline, and break the short-term retracement trendline.
If breaking the uptrend to go to the downside: need to break the trendline with a momentum candle to the downside.
Could be a nice trade! :)