oi mate let us have a great week innit? :
so what have here is...
1. price respected a major level of resistance
2. after doing so it consolidated for a period of time
3. today it broke below the consolidation phase and formed a LOWER HIGH
4. it is currently retesting so perfect time for entries, i'll be expecting pries to sell till the upward trendline
• market broke a daily trendline, it will probably close above it because the H4 candlestick closed above it
• on lower timeframes (H1; H4) an upward trendline has been respected so i'll look for a touch on there then place buy orders
Considering how previous trends indicate a downward direction, the overall moment of MRKR could indicate either a bullish or bearish formation within the next couple of months. Eventually re-adjusting it’s current consolidation value.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Cautious and Stick To Your Plan Rigorously).