We have a horizontal line that was never retested once it was broken. We have an ascending trend line that was close to being retested on the 1H, but not a confident retest. We have a potential double bottom at a support/resistance + 78 fib retrace line. If we close above this line, I'd look for it to go north to the 38 fib extension point (where arrow ends).
Note
Here's a closeup at a 1H. I'm looking for a good close above horizontal line before taking a buy.Note
On a zoomed in 1H chart, it would be wiser for us to break across this descending trend line, retest it and then head upward.Note
We've stalled at the 38 Fib extension. Next couple of close 4H bars could dictate direction. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.