So in our handle we have top supply waiting to reject price and minimally we have price being supported above the daily pivot point - price is also riding high above our pivot trend channel. So while above the pivot trend price remains a buy if we lose trend considering the pattern - I would be looking for a reentry on the bottom demand for long.
Comments
kate25
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might as well add price action - our pivot high at bottom is untested therefore remains a threat for price to gravitate to - whether it be now - or when price fades again
kate25
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right side of chart - just need price to break through the present supply
kate25
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left side of page for targets if price can cross above supply
kate25
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Price is in supply and this is where it gets tricky - if price cannot push past this zone then we are going down to demand