There is a 12K double bottomsupport level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
As price progresses and you have made a projection where you think the market may go, you have to be like a chameleon and adjust as the market changes. You always have to ask yourself "IF THIS HAPPENS THEN WHAT?"
The market is in a position that it may continue bearish but there is a strong possibility that higher highs and higher lows may be developing. This 30m chart sets some boundaries for price to cross if the trend is changing bullish.
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