Challenging a down trend, Keep your risk low!
Let's see the price action at (B)
Harmonic Bullish Bat pattern forming, get ready to sell on breaking the up trend. The target will be 38
Technical indicators on the daily looks good 👍 Tight SL.
I'm afraid I need to switch my plan for mid term, I don't think it will be able to go above 40.00 without going to 32.80 first thinkingthinking So maybe I will be looking at buy opportunities and selling at 39.80 targeting 33.40 Assuming we're in a beginning of consolidation area now, so buying or selling from the middle not recommended.
Better to wait to breakout before entering, the current SL for entering now. Which is a bit risky if didn't breakout.
2 scenarios, I think the bullish one is most likely to happen.
We've got price action at 10940 (hammer), hopefully the storm is finished, if not, then we move to the next target. Personally I would keep the long target open.