The price is in an uptrend and has made a false breakout of the upper zone on a higher timeframe. Now we can observe whether the price will return to the HH (higher high) and confirm the continuation of the buy trend there, or if the price will return to the buy area (GWS) and confirm the continuation of the buy trend there.
In any case, it is important to wait for a proper confirmation of the buy trend continuation to avoid a false breakout, as seen on the higher timeframe.
In any case, it is important to wait for a proper confirmation of the buy trend continuation to avoid a false breakout, as seen on the higher timeframe.
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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.