Tested various times o the past, will see if there is a breakout the the downside keep with the same plan watching those resistance levels if not we will look up for opportunities the the upside
Patience is key
Price now is confined on a triangle, waiting for an upside breakout clearly watching those previous resistance levels we can predict in order for a head and shoulder pattern completion on a weekly timeframe.
Price is sooner or later going to the upside once we have a breakout we can place our positions.
Price is on a downtren on the long term as well.
Good luck.
At the moment the trend is on a huge consolidation area,the trend hit our 2 targets after breakout of previous important level of resistance, once it created a trend we will wait for a re-bounce and hopefully a breakout to the upside.
We just have to wait on confirmation and then place our ST and targets.
All this is simply by price action and trends.
Good luck
We found a previous strong level of resistance tested multiple times broken, that tell us that the market is going up up to the next level of resistance. Simple, just price action and RSI agrees with the market trend.
After a while we might get some retest levels, I set them up already. so good luck.
Based on the basics principles of price action, and chart patterns, on the weekly charts we see the Head and Shoulders formation ending up with the head formation and now, waiting for the last shoulder retracement in the long term.
Neckline confirmed so far, and with that we might be able to project our targets and stop losses.
