price hit Daily support level and got rejected now on the 1h what we see here is a broken descending wedge pattern and a head and shoulders pattern with slanted neckline. Price broke prior swing high and created a new higher high structure telling me we're in a bullish market now... I will wait for price to retrace and enter... Targets and Stop are made visible in the photo.
Always wait for a correction after an impulsive break of a trend line, especially when price has previously been squeezing within a wedge, because if you backtest the above what you'll see more often than not is price retrace retrace sharply against you. If you were to then evolve your upper descending trend line to encompass such a retracement you'd find that price far from breaking out of a wedge then ends up trading within a parallell channel. I saved myself so much money once I learned this. ✌🏻