We are at a major descending line and a support/resistance horizontal line. I would look at the 4H for directional queues.
If we do break above, I would look for a solid retest and confirmation candle before getting into a buy. You may need to do this on the 1H.
Fib extension lines are marked.
If we do break above, I would look for a solid retest and confirmation candle before getting into a buy. You may need to do this on the 1H.
Fib extension lines are marked.
Note
Here's a 1H view. We are currently backtesting the descending line. If we can get a green confirmation candle following this test, it might be an opp to buy.Note
We are currently back testing the descending trend line. If close above this trend line + above the support/resistance line, it might be a good buy position. 
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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.