As price a approaches the daily resistance we can anticipate a bounce at resistance as price has tested that level more than three times before. Traders can long the market after a confirmation of price reversal on the lower time frames either a bullish engulfing , hammer or any of the price reversal candlesticks . Traders should also expect price to consolidate on the lower time frames before breaking out higher
Comment:
price has bounced of our resistance turned support and traders should be looking for long positions as the trend continues up