The arrow indicates the initial movement, now you can see how the price is fighting against resistance, which signals a possible increase.
I see the outcome of one of the situations:
1. Breakdown of the red lines, which is 70% possible.
MA move more hollow, which only gives confidence on the growth of value.
2. Price reduction to 48-43, after retest to the level of 50-55.
I see the outcome of one of the situations:
1. Breakdown of the red lines, which is 70% possible.
MA move more hollow, which only gives confidence on the growth of value.
2. Price reduction to 48-43, after retest to the level of 50-55.
