About meNew to trading so please don't copy my shit, feel free to comment and critique my speculations as it helps me learn.
I'm using this as a documentation of my trading history which should help me learn from mistakes.
There seems to be strong support and resistant lines, after testing the support line it's now heading back up. Also shown by the squeeze in the BB, this indicates a change in direction followed by some weight behind the movement. It has also crossed the 30 moving average, this determines that its a favoured long position.
Currently following a down trend, the chart keeps hitting the moving average as a resistance and bouncing back down. The Bollinger bands support that there is weight behind the movement on the 1hour chart and should continue down.