price currently move sideway after make a big bearish movement orange zon is demand zone become supply zone completely break last week so price now sideway retarcement in that area i think if possible pattern complete rising wedges then they will start continue to move downward again
As my previous analysis, candle close above my resistance trendline but it touch n go down as my plan. it is because the blue zon is strong engulfing in weekly chart. i target at first price will retrace at 1932-1936 but price completely stop at lower support trendline so i guess price will go up to 1937 to reform head n shoulder pattern before its continue go...
as you guys see blue is zone engulfing for weekly chart price now breaking my upper rising wedges so majority what i can say is price bull momentum is high,, price will retrace first at 1936-1932 before continue to going up so i will decide to sell first before continue to buy at 1936 safe trade guys
i see the rising wedges pattern so this is 3rd time it touch the top plus stochastic also shown all timeframe at overbuy so now the time to sell i also notice the bis resistance area in timeframe daily and weekly so so far i confirmed price will retrace first before it decide to go up or continue down trade wisely