in our last analysis, we talked about the importance of breaking out this trend line
in order to test the major trend line
, as we see on the 4 hour chart we did have a candle close above the trend line
which is a good sign, but i personally need to see a DAILY candle closes above the trend. the price seems to be re-testing this trend line
before taking off.
alternatively , if we fall to break on the daily chart
we may head straight down to the major support trend line
watch daily candle closely.