Here is the same action as my previous analysis. Price bounced breaking the resistance level which was a support zone and now coming back to test it. This zone is more important becouse, there is a fibonacci levels and also the inside trendline moreover strong support zone. On the other hand, we have two alternatives
1- we can open long trade after testing these level and being sure that the price will go up taking confirmations
2- we have another possible formation of SHS. I i have not drawn this formation because of the broken resistance level and also the fibonacci levels.
I expect price will go up. Possible entry zone will be if price bounce up after pulling back and also after a good bullish candlestick
-Good luck
-Murod
If there will be any questions or other opinions I`ll be glad to response it or here your advices
1- we can open long trade after testing these level and being sure that the price will go up taking confirmations
2- we have another possible formation of SHS. I i have not drawn this formation because of the broken resistance level and also the fibonacci levels.
I expect price will go up. Possible entry zone will be if price bounce up after pulling back and also after a good bullish candlestick
-Good luck
-Murod
If there will be any questions or other opinions I`ll be glad to response it or here your advices
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