There was a clear break of the lower trend line, price has gone back to the support now resistance and given us a clear candle rejection in the form of an inverted hammer
After the rejection from the resistance line, we expect a drop down to the support indicated
From the third touch of our lower trend line, we can see the rejection candle formed and this has given us our buy entry
A likely push to the downside is possible if price reacts at the upper trend line and gives a rejection candle
There is a probability of long coming up shortly, this is actually in continuation of the higher time frame long we have on the daily time frame
After a triple touch on the lower trend line we are expecting a long to go above the upper trend line
After a triple touch on the lower trend line, we should see a push above and beyond the upper trend line
