Price is following an overall higher timeframe uptrend structure making higher highs & lows. Price this week has cleared the falling channel bullish reversal pattern to the upside, along with clearing the structure resistance on the 4 hour timeframe. This upcoming week, I am looking for price to resume the uptrend into the regions above, & for a new potential higher high in the near future..
Commentaire:
On 4 hour: Price also formed an inverse head on shoulders formation, & has cleared the neckline. Next I would be looking for a retest of the broken neckline resistance to hold as new support on the lower timeframe for price to continue into the zones above.