Price last week rejected off the bottom of the triangle pattern on the higher timeframe, breakout out of the range to the upside & clearing resistance to finish off the week. This upcoming week, I am looking for a retest of previous resistance to test as new support, which looking left price has made a strong reaction before. I am looking for a similar scenario again, & for price to continue into the next resistance zone above which aligns with the top of the pattern.
Comment:
4 Hour: Breakout of structure & the last lower high has occurred, now a retest of previous resistance as new support I am anticipating to shift the trend structure back to an uptrend