Current trend on the graph shows that market is bullish. There is a series of HH's & HL's.
Previously there was a divergence on chart but the trend tested the trendline and continued bullish. But if we look at that point there was no resistance present. If we look now there is a divergence on chart and the chances to change of trend are much stronger because
Now there are chances that chart might rise to next resistance and retest the trendline, but for the confirmation of bullish trend we we have to wait till breakdown of trendline and also for the new LL. Then we can go for Short Trend.
Previously there was a divergence on chart but the trend tested the trendline and continued bullish. But if we look at that point there was no resistance present. If we look now there is a divergence on chart and the chances to change of trend are much stronger because
Now there are chances that chart might rise to next resistance and retest the trendline, but for the confirmation of bullish trend we we have to wait till breakdown of trendline and also for the new LL. Then we can go for Short Trend.