depending on the price reaction at the daily trend line we might see 2 scenarios : 1.a rebound on the trend line and an up trend impulse. 2. a break of the trend line and a down trend impulse.
Depending on the price action near the trend line ; we might see a rebound on the trend line and a up trend continuation
Since we are in a daily bullish trend , price action at the resistance line might validate this bullish scenario and we might see another up trend continuation after the price breaks from this trading range in the 15m
As we can see we are reaching an important resistance level , depending on the price action on that zone we might see according to me a formation of a double top and a return to the previous resistance zone
Hello after a bearish trend in the 15m time frame its expected that the current bullish impulse result in a bullish trend
Gold possible break down after the trend line is broken
possible dip on then a trend continuation and a possible break of the resistance
here is my view of the Crude oil behavior in 15M and a possible continuation of the current trend
i share my view about a possible break out