(1h timeframe)
DETAILS: I drew a trend line, there were 3 touches.
we can see how two touches that touched the trend line also touched the middle resistance area and got affected well from it (the first touch got affected well with a couple of big bearish candles and the second one with long wick that facing up(it shows a strong rejection from higher prices))
after the price tried to keep going down it entered to a strong support area and went back up created a strong breakout .
the breakout candle got affected well from the middle resistance area
in my opinion the price is going to go back down and make a retest, if its going to make one and the price will get affected well by a strong candle and volume, it will make a good opportunity.
DETAILS: I drew a trend line, there were 3 touches.
we can see how two touches that touched the trend line also touched the middle resistance area and got affected well from it (the first touch got affected well with a couple of big bearish candles and the second one with long wick that facing up(it shows a strong rejection from higher prices))
after the price tried to keep going down it entered to a strong support area and went back up created a strong breakout .
the breakout candle got affected well from the middle resistance area
in my opinion the price is going to go back down and make a retest, if its going to make one and the price will get affected well by a strong candle and volume, it will make a good opportunity.