I still see a tllittle retracement then a break to the upside all the way to 40k. Let's watch
I hate to believe this but let's watch I hat happens.
prepare to go 'long' at the touch of the incline support with some valid confirmation.
buying at the touch of the incline support will be a great idea.
trading with the trend as the corrective move is in play we will be going long at the touch of the inclined support line.
a clear correction towards the downside as advised to trade with the trend we expect to go 'short' at the retest to the incline resistance line.
Having seen a clear 'cup and handle' pattern appearing indicating a continuation, a retest to the horizontal level after a break,prepare to go 'long'
Having seen a corrective move upwards, we expect price to either continue or breakout.
Notice how the horizontal resistance has held therefore causing a rejection to the inclined support which can likely lead to a breakout of structure or a 'third' touch to the horizontal area.
wait for patter formation on 1Hr time frame to go short.
Bilateral pattern formation. wait for price to breakout then go down to lower time frame to spot pattern for entry.
price breaks channel to the downside. Wait for a pattern formation to go 'short' profit target at the horizontal line.
A sell opportunity as price will reject at the horizontal (resistance) level and head down to the inclined support providing another opportunity for a buy.
Triangle formation which is a continuation pattern to the upside.