As we see in Daily Time frame the market has formed the inverted Head and Shoulder with the support trend line which implies that it will have a bullish movement as it has moved to that extent..
But now the market is at daily resistance and it has already bounce to prove it is a resistance.We can see it has break the resistance but for now we wait for confirmation that its has really been broke and it is not a fake out so we add buy orders to the resistance trend line.
But now the market is at daily resistance and it has already bounce to prove it is a resistance.We can see it has break the resistance but for now we wait for confirmation that its has really been broke and it is not a fake out so we add buy orders to the resistance trend line.