When we have a look at the price action we see higher highs and higher lows in 4h TF in recent past.
However, volume is contradicting with the current trend, it is decreasing.
RSI is in line with the trend.
I want to see volume increasing or at least keeping the same level as we make HH and LH to say it is a health uptrend. Can't say that now.
BEARISH PLAN :
A break of the yellow trend line means for me that this was only a correction of the downtrend or a bear flag if you want to put it this way. Then, a short opportunity is created. Mids of the green box is the TP.
BULLISH PLAN:
A break of of pink res. line and close above it on at least 1H TF. Horizontal RED line is the TP for short term.
However, volume is contradicting with the current trend, it is decreasing.
RSI is in line with the trend.
I want to see volume increasing or at least keeping the same level as we make HH and LH to say it is a health uptrend. Can't say that now.
BEARISH PLAN :
A break of the yellow trend line means for me that this was only a correction of the downtrend or a bear flag if you want to put it this way. Then, a short opportunity is created. Mids of the green box is the TP.
BULLISH PLAN:
A break of of pink res. line and close above it on at least 1H TF. Horizontal RED line is the TP for short term.