swinghigh

Looks like the swing highs and lows are all following a descent pattern or some sort of channel. Hoping that another swing high happens so I've placed a limit order with a considerable enough stop loss and a big take profit however, once price hits take profit, it should bounce back up due to previous support level and that the trendline shows lots of support...

Price could retrace back because it touches the resistance line many times and it is appearing to retrace back quite a lot due to many swing highs and less swing lows.