Price reversed from a montly ressistance and already retested it with an engufing as a confirmation pattern. Black arrows represent the market structure.
DESCENDING CHANNEL RESSISTANCE, POSSIBLE DOUBLE TOP.
PRICE BROKE THE PREVIOUS RESISTANCE (1), NOW ONLY WAITING FOR A RETEST (SUPPORT) AND THE RISE TO THE RESISTANCE 2. PRICE ALSO BROKE THE WEEKLY DESCENDING CHANNEL (GREEN).
PRICE MADE WHAT LOOKS LIKE A DOUBLE BOTTOM AND NOW IT WANTS TO MAKE THE RETEST BECAUSE OF A SHOOTING STAR AS THE LAST CANDLE. RETEST COULD IN THE DYNAMIC TRENDLINE OR IN THE DAILY ZONE. WAIT FOR CONFIRMATION.
Price fell to the daily support after a bearish rally from the daily resistance, the last candle is a variation of a hammer, only waiting for a confirmation to see it rising to the resistance.
Price rejected the weekly support with morning stars and is also forming a possible inverted head and shoulders. Wait for confirmation of the right shoulder.
Price has already rejected the weekly resistance once with an evening star and now it is looking for a retest and then drop to the support zone. Wait for a confirmation pattern.
Price is actually at the support of the range and is showing also a tower bottom with a morning star and a engulfing, waiting for confirmation. Also in a trendline as support.