Her is what will happen in 2 weeks. in the circle 1- The price will fall to enter the circle and will be tested on 100 EMA line. 2- The Trendline (yellow) and the 100 EMA will meet. 3- The price has to break the lower BB and get out of the BB. ** The day all three above accomplished, get out of short and Reverse your positions (GO LONG), it will be a very nice ride north.
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time to start fine tuning: On 4H, it is forming a nice Bullish Pennant. if the pennant broken from the top, The safest ride is after reversing on top of the resistance line of touching the pennant line from the top
The support line S1 rejected the price falling, The Resistant line R1 of the pennant penetrated, I am waiting to get in long at the retracement (at point 2).
The support line S1 rejected the price falling, The Resistant line R1 of the pennant penetrated, I am waiting to get in long at the retracement (at point 2).