The overall higher TF is Bullish
Right now we are consolitating and indecisive on the daily
we have a counter trendline on the 2H that has been respected, and a trendline
Inner bull trend
Right now the price is siting at support AND in the inner bullish trendline, we are making higher highs and higher lows, recently we tested the Higher TF trendline and monthy level and still have long way to go to get to the other side.
Despite having the counter trendline and consolidating range, I think that the price will break bullish and hit the top, and take some profits at the pink res to ease out the way.
A safer approach to this trade, is to wait for the break and retest of the consolidation area and countertrendline, that also matches the weekly.
Good thing we catched this early, because we have time to watch it unfold, so IF we fail to make Higher highs on the next leg, i would switch for shorts to the base of the mini tendline to the pink area again.
Right now we are consolitating and indecisive on the daily
we have a counter trendline on the 2H that has been respected, and a trendline
Inner bull trend
Right now the price is siting at support AND in the inner bullish trendline, we are making higher highs and higher lows, recently we tested the Higher TF trendline and monthy level and still have long way to go to get to the other side.
Despite having the counter trendline and consolidating range, I think that the price will break bullish and hit the top, and take some profits at the pink res to ease out the way.
A safer approach to this trade, is to wait for the break and retest of the consolidation area and countertrendline, that also matches the weekly.
Good thing we catched this early, because we have time to watch it unfold, so IF we fail to make Higher highs on the next leg, i would switch for shorts to the base of the mini tendline to the pink area again.