If price breaks resistance (RED LINE), wait for it to rise in alignment with trend line. If it does not, wait for it to fall with long term trend down.
When the prices breaks out of the trap indicated by trendlines (RED), it is expected to run in the direction it break free. This could be long or short... term run. LOL.
Strategy says BUY (Day Chart). However, price now hitting major resistance level. Will it continue to rise or continue down trend? Lets see.... I'm waiting for confirmation.
