SIMP.
The story: after it broke the resistance, the resistance has become a support. Now it retest the support. The last candle is a bearish candle with little wick/shadow/tail. It means minim rejection, or I assume there was no rejection. So, it potential break the support and go down to the demand area to pick up some volume before it bounch back. If it happened, it will be inverse head and shoulders pattern and we are looking for the next swing low to enter. That is 1st scenario.
The second scenario, bull power so strong in the next candle and break the swing high (HH). If this happened, we can enter soon after it breaks the HH.
I think, in my prediction, 1st scenario will going to happen. Any other point of view, guys? Please share with me. Thank you.
The story: after it broke the resistance, the resistance has become a support. Now it retest the support. The last candle is a bearish candle with little wick/shadow/tail. It means minim rejection, or I assume there was no rejection. So, it potential break the support and go down to the demand area to pick up some volume before it bounch back. If it happened, it will be inverse head and shoulders pattern and we are looking for the next swing low to enter. That is 1st scenario.
The second scenario, bull power so strong in the next candle and break the swing high (HH). If this happened, we can enter soon after it breaks the HH.
I think, in my prediction, 1st scenario will going to happen. Any other point of view, guys? Please share with me. Thank you.