several behaviors that indicates that buys are no longer in full control of this instrument and therefor we can potentially take advantage of this trade setup
as you can clearly see how price was previously trending towards the downside respectively then price made a clear change of trend towards the upside creating higher lows & higher highs, I'm currently waiting for price to come back to my major support level to see if it will give me any confirmation to take this buying opportunity
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As what the chart say. We have been in a downward trend for quite some time but now we seeing great buying pressure that breaks above previous major high and were seeing price coming back to retest that high. Let's see if we can get a new Higher high
nothing much to say about this. it's prettying simple. we can see price is at previous level of support so we are expecting it to act as our resistance area now to take the market to the downside, also our resistance trendline give us more confluence. now we just have to see how price reacts.
It's pretty straightforward, after we seen broken our resistance trendline, we are now seeing potential reversal in the market. (Not for long term) we are still obeying the overall structure.
After price has been into a obvious downtrend for long period of time, we are now seeing structural highs been taken, now price strarts creating Higher highs, we want to see this push to the upside
