Downward move correction is slowing down and the price is facing multiple resistances.
The price came up and was rejected from the Mirror Level, which matches the Golden Pocket. I expect a small correction with the most likely continuation of the growth above the resistance level. There's a great potential for the formation of Cup and Handle.
Price action forms a narrower price range. Wedges can present as both a continuation and a reversal pattern. This means the price may break out of the wedge pattern and continue in the overall trend direction of the asset. However, the price may also break out of a wedge and end a trend, starting a new trend in the opposite direction. I see multiple meaningful...
We bounced from a 4-hour cloud and broke through resistance.
Can be a change of local downtrend if we bounce from support here
Price above the Cloud, which transformed into green one. Chikou Span fierced from bottom above the price. Tenkan Sen crossed Kijun Sen.
Price above the Cloud, which transformed into green one. Chikou Span fierced from bottom above the price. Tenkan Sen crossed Kijun Sen. + Broke the down-trendline.