Not much I can say, other than the 2 scenerios we can expect from the market
As we can see, the price on Nasdaq has been forming a slope of higher lows into resistance, in other words "bulls" keep putting pressure on that resistance level and as a result, a break-out is bound to happen... However we may find that resistance is too strong and price may not break to the upside... Overall what we can inticipate from the market is a break-out...
For the past few days/weeks, we've seen price consolidating in other words Ranging, however within those ranges we can clearly see that price has been moving Impulsively Up/Down with minor corrections so to say... But however, now we can clearly see that price is in a "major" correctional phase from the long impulse move we had days before, therefore as a market...
Just a general idea of what I'm expecting(predicting) price to do in the coming weeks or week...
We just had a perfect break and retest, and we could expect price to push/continue higher, this is a high probability trade setup
Perfect scalping/swing entry for GBPUSD to the downside, as a market predictor, I'm predicting that price will test resistance followed with a restest trendline resistance which will be catared by the third Touch Rule of the trends in trends strategy, those are 3 perfect confluence for my downside market prediction, however if the prediction doesn't go as planned...
Be patient for the upcoming market retest on broken resistance, now turned support... Or enter after the break out of the consolidation price is in currently, why? Because a retest may not happen due to bullish momentum that's present
Recent price movements have been impulsive and then correcting, and now recently price looks to be in a correction on the hourly, next up, we could be expecting price to be impulsive to the upside to the sychological level placed above