price continues to break upwards, two possible scenariosAfter NFP, price continues to break upwards, with two possible scenarios:
1. The market reaches near the PMH level and is unable to break higher. Considering the current breakout consolidation pattern, if the price retraces near 21,972 and fails to break upwards, there is a high probability the price will fall back to around 20,800. If it drops below 20,500, attention should be given to whether the market can make a valid rebound. If this play out, Watch the price action around 21972, and if confirmation signals appear, consider shorting near 21,972 and price should not break 22060.
2. The market reaches near the PMH level and continues to break upwards. The next target is around 22,400. The price may consolidate within this range before determining the next movement.
Which one you think more likely? leave comments below :)