I made the blue parallel lines on Friday with clear vision of having a cup&handle pattern formation. Today, Monday 12th, an obvious triangle was formed and its breakout would mean a good up or down movement. The upside breakout confirmed bullish
market. Previously, we have had a good resistance line ( the upper red one ) and I expect retrace on that level. A single touch and bounce seems quite plausible due to the price action in the beginning of the line. What is more, the RSI
stays over 50 points for most of the time. And one last tell, a look at the 4h chart will show a clear good resistance line towards which the price is probably going.