Analysis provided within the callout boxes on chart.
I will be waiting over the next few days for price to potentially form what I have annotated and that will be my primary focus for the time being until price action tells me otherwise.
Price may reach the next level of resistance before my idea comes to fruition or it could break the existing channel and...
Trade potentially still valid 7am fakeout could not close below the pink zone of support. Still trading above the 50 MA. Waiting for a pullback on the 15m time frame.
