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Price has crossed the major resistance level on the daily. It may be a falseout however, should the price continue to go bullish we can expect a retest at the major level to call a long position.
Comment:
The price may swing back to the downside before heading a bull run (possible). Continue to look out for more clear price actions before entering a trade
Trade closed: target reached
Comments
Be so careful for a long trade. It will probably be a long trade, but before that, it maybe go for another down wave.
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@theWyckoffTrader, thank you for the in-depth comment. I have updated my post accordingly as I agree with your statement!
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