Price had broken out a descended trendline and is currently making a retest at the recently broken out level.
Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high
Key Factors:
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
- Further confluence or confirmations required for a buy setup, such as retests and rejections
Once a new support is confirmed within the previously broken out zone, we can expect further upside movements towards the 3-week-high
Key Factors:
- Broken out Zone and trendline
- Entry opportunities for a buy setup within or near zone level
- Further confluence or confirmations required for a buy setup, such as retests and rejections