A closer view. I am observing price to cross the white dashed diagonal price resistance. Still resisting and continuing to the bottom of the channel. A slight push on bulls will pull us over that line and then on the lower frames we should be watching for a bullish reversal to come..
as always trade safe. be patient. This one could pay off nicely.
as always trade safe. be patient. This one could pay off nicely.
Comment:
Im seeing a 5 wave correction on hourly...we are going down on 4 to 5. This could be making an inv. left shoulder move into the head before we cross over the resistance line as stated. Then a right shoulder "could" form giving us a bullish signal on the hourly back to the top. The top will be the moment of truth if we break prev. high. around 1.75
