Price broke daily trend-line support area as covid-19 bubble coming to an end . price is correcting - consolidating before the next big continuation move to the downside.
price react on a daily time-frame strong support level..on 15min time-frame price looks like is preparing for an uptrend..this can be the start of a month-hold trade to the upside!!
as price is trending bullish i am looking for rejections close to this 2 areas i had in the chart. i am aware taking profits near strong resistance area of higher time-frame
as looking for long in lower time-frame .i am aware of the strong resistance area on higher time-frames as price is in a consolidation phase with volume running negative
possible false brake out . if price come back inside previous structure and respect it then we have a confirmed false brake out and a very nice long setup.
Price respecting a very nice area of previous consolidation who last 1 week, broken to the downside and came back again.Watch
lower time-frames for better entry's.
