Price has rejected off the long term ascending trendline, & for 4 weeks now has been forming lower rejection wicks in this key region. This previous week, price formed a Doji on the higher timeframe, & this upcoming week I am anticipating for price to build up bullish momentum to push price higher into resistance above.
Kommentera:
On daily: Price formed a Doji at the trendline as well leading with a bullish engulfing candle, showing bullish momentum as well
Kommentera:
4 Hour: A break of structure would be a great confirmation for entry point & shift of trend on the lower timeframe