From extreme top to center to extreme low again. And here we are, at the L-MLH (Lower Medianline Parallel).
We had a nice push through the upper ML-H. And so we can expect the same below here (dashed red sliding).
In these higher timeframes we can see very good how price is reacting within a , which represents nothing more the a function of Newtons Law (Action/Reaction).
A real pressing at the U-MLH of the red downsloping .
See the WRB around 2010? This rocket bar gives information...see where the support was later since 2014.
Potential turn to the north could be within the green zone.
I allways prefere to wait for a sign, like a break of the red U-MLH and take the PB if i have a good stop.
Alltough, here i would take it at the red sliding too, with my stop behind the green lines.