4h timeframe shows a pennant pattern with a resistance of multiple confluence.
on the 1H timeframe price is moving in a flagpole pattern , the H4 pennant leads me to believe price will break through the 1H flagpole support after rejecting off of a 30M support turned resistance .
take profit set close to H4 pennant support .
price entered a steady bullish trend on the 29th of Jan 2021. After once again rejecting off of the R52.50 resistance area price came down to break through its just over 3 month bullish trend support also shifting from creating higher lows to creating lower lows. price is currently retesting trend resistance ( support that was broken through) entry will be...
