Things we broke, the bearish trendline and a resistance level. Price formed a perfect entery following inside or even outside bar settings. Our recomendation long played through. Now we need to stay above this levels, going to next but we could still retest previos resistance now becoming support.
Some might even call it reversed head and shoulders but I wouldn't go that far. As far as the candles I am happy to see the strong bounce and I marked with red the higher low that we created again. Let's see now if we brake the downtrend line finally. I recommend long on the brake confirmation.
We are in an in interesting situation. What would happen? Well, for sure we will brake the triangle. Where? Only universe knows. Recommendation: If you are not ina position stay put and waitt, If you have one, hold on and make proper adjustements on the brake.
As we made ahigher high and now a higer low if this candle closes in green, The chart is telling us long. Well, The chart is a girl for me, I have been lied before, but let's see if she is telling the truth this time.
We need to brake the upper red trend line, a perfect indicator would be a brake of an outside bar. Right now we are in the zone of 2 S/R levels, looking bulish we have actualy a weaker down wave according to previous one, but looking bearish we still made a lower low. So let's see what happens, at this ke levels. Watch candle formations...
Unfortunatly, it looks short and even short volumes are up. Well, it could still be double bottom at the end, but we need lots of cande confirmation patterns to be sure. Next stop lower green line as support.
Like I have said, divergence plus Trend line holding nicly.
There is no way it can only go one way, remember that. Learn to trade in between and hold your horses, don't be trigger happy and there is a way you stay alive.