We talked about this pattern that was forming a lot and now it is the time to see direction of market in this analysis we want to talk about this that when rise or fall is expected after breaking trendlines or ...?
the answer is clear the breakout of trendline (Blue one or Black one) is first conformation of direction But as you can see there are some local resistance and support mentioned on chart breaking those are second conformation and volume that will increase is third sign for market that is going to say hello again and start new wave.
Notice: we expect breakout to upside with more possibility, and today is last day that price is bounded on this pattern.
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Note
previous analysis that price touch support as it was expected too:
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