Weekly UPDATE
We can expect prices to rise a bit more to reach the upper parallel of the fork and potentially break in a bit, but if the weekly close is inside the fork I would expect the prices to fall, as soon as those events play out.
In the important week ahead, after the break of the medium line, I can expect the prices to retest it and move upwards with rejection to the downside. The trend to the downside is still intact, no major highs have been taken out only minor highs.
IN SUM, I expect the prices to move up In the short term and paying attention to the upper fork, and profit taking should take place there, and prepare to short if the upper trend line is not broken by a close above the fork and also and continuation candle in that direction.
In the important week ahead, after the break of the medium line, I can expect the prices to retest it and move upwards with rejection to the downside. The trend to the downside is still intact, no major highs have been taken out only minor highs.
IN SUM, I expect the prices to move up In the short term and paying attention to the upper fork, and profit taking should take place there, and prepare to short if the upper trend line is not broken by a close above the fork and also and continuation candle in that direction.
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