Price seemed trapped between Daily resistance and Monthly support for a long time now. It tried to break to South only to be rejected fiercely by buyers demand. However there are not enough sellers afterwards that bring the price back down. Breakout to North seems more probable than going further to South in the outer channel (white line). Get ready for it.
Potential Double Top in 1H chart before price going South. Price needs to break out from current channel. Enter short after continuation correction following the break out as shown by yellow path.
Price has just broken the most recent 4H channel to potentially form a Double Top on the top Weekly channel.
It looks like price can still move up North before going with the more dominant trend, Weekly downtrend. There is only small room left to benefit from the North force. Perhaps wait until the bears show more power to enjoy a longer ride to the South.
Price has formed 4H Double Top which shows an early indication to go South respecting the Weekly top boundary uptrend channel. Wait for the South impulse, breaking both the channel and the Daily support, followed by a certain level of correction on 1H chart before entering the market Short.
Price has broken the most recent 1H correction following a bearish impulse. Good time to short the market :)
Price has broken most recent 1H channel correction phase on Monthly support and bottom channel with a good bullish force. Take advantage of the next bullish force by putting a stop order beyond the push to take the ride North.
Price is at top Monthly uptrend channel with 4H Double Top and 1H Double Top. The confluence is all pointing to the next potential big move to the South. Wait for this followed by a correction before entering the market short.
Price has softly broken the downtrend channel without impulse. Wait for this impulse before entering the market long respecting the Weekly uptrend channel (purple lines). However, be aware of strong rejection forming Double Top on the Weekly resistance line (purple dashed line).
Be on the watch out for the break out of the most recent correction phase (channel trend lines). Stop order on the break out to take the ride to North.
Following Double Top formation, price has come down gradually but there has not been definite South impulse to show real intention to go back to bottom Daily channel. Wait for this impulse and correction at potentially support level (dashed line) to the back of the channel before entering the market short.
Wait for breakout of channel (white lines) to the South before entering the market short.
Price seems to be back in consolidation period following a double top. Wait for breakout of the bottom boundary before going short for less risky entry.
Price is currently on accumulation phase of the uptrend move between the Monthly support (pink dashed line) and Weekly resistance (purple dashed line) zone. Wait for price breakout of the channel and form a continuation correction before entering the market going long as shown by yellow path.
Respecting the uptrend Daily channel, price might form a Double Top to reverse back to South.
Price has gone back to North which can potentially make a bigger double top setup. Wait for Sell opportunity to break out of the outer channel with impulse.
Price still lingering on the top border of the Weekly channel (purple line). We are still waiting for that impulsive move to the South followed by correction phase. We can enter as soon as we see the impulse, or preferably wait for the correction move breaking out of the latest channel (white lines).
Price is still in 4H time frame correction phase. Being on the Monthly support (pink dashed line) gives a high probability that it's going to break the correction phase and go strong to the North. Wait for the break out followed by another correction phase. Entry on the break out of the 2nd correction phase to the North.