Looking for entries once we break out of this resistance zone and get another touch on the trend line to confirm it is valid
We have broken out of a downtrend and we are forming new market structure
Broke out of descending channel and tested as support
10MA held as support and 50MA just crossed above the 200
I would be looking to take profit at the 3 marked levels.
I would look to exit this early if we failed to make higher highs or broke the trendline
Time: 1-3 weeks
We have broken out of a downtrend and we are forming new market structure
Broke out of descending channel and tested as support
10MA held as support and 50MA just crossed above the 200
I would be looking to take profit at the 3 marked levels.
I would look to exit this early if we failed to make higher highs or broke the trendline
Time: 1-3 weeks