By the looks of it, price is turning around creating HH's and HL's and with the presence of a Reverse Triangle we can clearly see the trend is about to turn.
What do you think of my levels, TP and SL?
... Please feel free to comment...
We see here that the price has risen to a past support that is now a resistance line.
I think that it will bounce down to the support line below follilowing the uptrend and then push pass the resistance to continue the uptrend
If the strategy is correct then we should see the trend continuing upwards for a while and then either cing back down from that resistance line or breaking out to go beyond. I favor that it would break above.
What do you think?
Please share your thought.
Keep in mind this is only technical analysis.
