Price previously was following a downtrend, making lower lows & highs. This previous week, price broke out of the downtrend structure to the upside to make a new higher high, & has pulled back towards the previous area of resistance structure, now forming a new potential higher low, where this upcoming week I will be watching for a bullish reaction back to the upside to continue the new uptrend for a potential higher high into the resistance zone above.
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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.