i consider it as a triangle and the price seems to break through so it also seems that the price will retest the 382 fib lvl also the trendline also the key level where is much liquidity
The price is going for a triangle and touching the historical lines prices
im waiting to see the price going back to our key level W formation is going long for 1) retest 2) Key level of W formation 3) historical Support - Resistance 4) im waiting to see a creation of inverted head and shoulders when the price touch my 50 EMA and create the left shoulder too
after the retracment to our zone we take action
Based on head and shoulders we expect the market to retrace to our demand zone !