Overall Trend is Bullish, so we're looking for only Buy positions. After breaking out of a strong area of support and retesting, I expect the Bulls to push higher out of the current down trend. If you look to the left it looks like a Head and Shoulders pattern is forming; left shoulder and head has already formed and right shoulder is in the making. If price breaks out of the current trend and above the 4H resistance where I've marked yellow, we can enter a Buy signal whiles right shoulder is forming.
Keep in mind: Overall Trend is Bullish.
Keep in mind: Overall Trend is Bullish.