Price needs to break above the purple and orange trendlines to get back to the black upsloping pitchfork.
A failure to break above will smack it down towards the upsloping fibo 1.382
Comments
jefftan
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Price has broken the downsloping U-MLH so it will head towards the black usploping P0-P2 ML.
motleifaul
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@ cryptoyoda: You should wait a bit and see how it clears the way.
cryptoyoda
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But how do we trade this? Go long if it clears the red MLH & short if it bounces down? Or does the impending risk of support from the fibo 1.382 mean the short trade's not worthwhile?