We are at a major descending line and a support/resistance horizontal line. I would look at the 4H for directional queues.
If we do break above, I would look for a solid retest and confirmation candle before getting into a buy. You may need to do this on the 1H.
Fib extension lines are marked.
If we do break above, I would look for a solid retest and confirmation candle before getting into a buy. You may need to do this on the 1H.
Fib extension lines are marked.
Comment:
Here's a 1H view. We are currently backtesting the descending line. If we can get a green confirmation candle following this test, it might be an opp to buy.
Comment:
We are currently back testing the descending trend line. If close above this trend line + above the support/resistance line, it might be a good buy position.