If the market breaks this trend line it will return to former high point forming a perfect W... If it is resisted if will shoot back down to the support trend line. it already broke the break even point and went back for a retest. So one could go long... but if resistance trendline is not broken then go short from there.
There are 3 bullish candles with a spike which would indicate a swing in momentum the red candle is but a confirmation signal that the market will go down...
its a downward trend and there are 3 bullish candles which were headed to the resistance,the spike indicates swing of momentum.
There are 3 bullish candles with a spike which indicate a swing of momentum within the downward trend... So this will be an opportunty to sell short .
There are 3 bullish candles that touch the resistance line and there is a long spike which indicates buyers have lost interest. So i expect the market to go down after the red candle proves as confirmation.