Here we see AC on the 4h TF
Initially we see a falling wedge in a consolidating market which has been broken as the previous candle closed above
Therefore, we will most likely see a small pullback to retest the TL as well as the support level (resistance becomes support)
When the price has reached the support level we will enter a long to the upside target which is a major resistance level
Initially we see a falling wedge in a consolidating market which has been broken as the previous candle closed above
Therefore, we will most likely see a small pullback to retest the TL as well as the support level (resistance becomes support)
When the price has reached the support level we will enter a long to the upside target which is a major resistance level