Anticipating price to support bounce at the blue line and move back higher and break the 1 hour yellow line of a forming a falling wedge.
If it breaks the blue line it will then invalidate the 3rd touch on the blue line and go lower. But I'm much anticipating buying pressure on the red arrow to take price up as it looks like forming double bottom on 4 hour timeframe.
If it breaks the blue line it will then invalidate the 3rd touch on the blue line and go lower. But I'm much anticipating buying pressure on the red arrow to take price up as it looks like forming double bottom on 4 hour timeframe.
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