Price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a ascending triangle.
-Bearish if the H4 candle closes under the
resistance zone.
TARGET : 1.09300
- Bullish if the H4 candle closes above the
resistance zone.
TARGET : 1.0700
The descending channel has breached the resistance, and we have a corrective structure. With the completion of the corrective structure, the price will witness a nice rise ((But there is a very important area, which is 1935, and be careful about it))
Based on Gann method of cycles.
These are the upcoming resistances , with each resistance's break it will lead the price to the next resistance
25000 $ 29000 $ 35000 $
( don't forget that , the price is above the moving average 200 !!! )
The price perfectly fulfills my last idea. The market broke the structure resistance and pullback to it.NOW, the price breached the gan fan line {red line} and settled above it ,lead to high . VICE VERSA .
