3 Days ago a CTL break happened and now market is moving to the upside. I expect a retracement (watch those Fib levels) then another move up to the next resistance level to from a double top.
Just wait for a more clear direction if possible a breakout of either TL or CTL then buy or sell accordingly.
We may see another push to the upside and retest resistance but overall, expect a move to the downside.
Really good setup here everyone. Just wait for the market to breakout. That will determine direction. If you miss your entry no worries, may or may not retest, I do expect market to come back to bottom TL but will take time as this is the daily chart. Good Luck Traders !!!
Based on which line gets broken will determine whether trade is a buy or a sell. Expect retest after breakout unless it moves aggressively down or up !
Watch for TL or CTL break for jumping into the market. Which ever line breaks will signal what side of the trade you should be on.