Price is at resistance area hitting the 200 ema. Looking for a short at this point.
Once price break this area we can look for an entry on the retest.
Price is at a support area if it holds we can take a long position.
We previously posted this chart long on the 4th of Nov and as you can see we are still going long. Level 1 has been completed and we still have two more levels of rise.
Waiting for price to reach our retest area than heading long.
Price sitting on support area looking for a long opportunity.
M formation has been creating and we saw a drop to the first level as price retested this area which we are looking for a re-entry for the next drop.
key point of entry with a lot of upward movement to go
Price below resistance area allowing for short opportunity.
Price at the upper trend line looking for price to drop to create a W formation.