PRice is attempting to break the 4 hr 200ma for a chance to break out of the wedge pattern.
A break and retest of the 4 hr 200ma should confirm the upside move.
On the other hand, If price fails to break through resistance, then price will attempt for a retest of the wedge support testing the 4hr 50ma. At this poiunt a break to the downside willl see further sell off.
A break and retest of the 4 hr 200ma should confirm the upside move.
On the other hand, If price fails to break through resistance, then price will attempt for a retest of the wedge support testing the 4hr 50ma. At this poiunt a break to the downside willl see further sell off.