It seems the GRAY TRIANGLE ZONE has enough potential to crumble the price to the red line which is the weekly and daily uptrend. this zone is formed by the green and yellow lines.
the yellow line is an important resistance that has been acting well so far.
the green line too. this is a horizontal support and resistance line that is acting as a strong resistance for now and makes the idea more trustable.
as always, we should consider the second scenario if the price could break the zone upward. so in this case we should wait for a pullback to the yellow line and look for a candlestick formation confirmation in order to get the long.
confirmation from 4H at least.
Goodluck...
the yellow line is an important resistance that has been acting well so far.
the green line too. this is a horizontal support and resistance line that is acting as a strong resistance for now and makes the idea more trustable.
as always, we should consider the second scenario if the price could break the zone upward. so in this case we should wait for a pullback to the yellow line and look for a candlestick formation confirmation in order to get the long.
confirmation from 4H at least.
Goodluck...