First, let me just say, that I am in a LONG. So this is an UNBIASED analysis.
As you see in that first micro burst, price returned to the original trendline. This current burst upwards is just a bigger version of it. The end result should mirror it and return to the same trendline.
As you see in that first micro burst, price returned to the original trendline. This current burst upwards is just a bigger version of it. The end result should mirror it and return to the same trendline.
Note
I am seeing that we should rise up to that upper resistance line before taking another move downwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.