Potential short as of the daily rejection + heavy resistance ahead, looking to go short if it hits the entry and it could potential go down to reach the support and then I would expect a bigger bullish moves to occur
Last candle came to test the daily trendline again but it hasn't been able to close above it. If we can get a few big bullish candles above it then it may be a good buy opportunity.
If it has broken the trendline and it is making its way up, the weekly resistance might take a few trys to break before it can eventually make a big move up.
Will keep a close watch...
bearish movements has taken over as a result of the daily trendline rejection, I am now expecting more bearish movements and there could potentially be a sell setup if it breaks the ascending daily trendline