Price has been falling but is trying to climb back up.
If price breaks the bullish flag or pennant which can be seen on the 1hr chart then there is a good chance price can reach point D.
This also coincides with the Fib levels of the impulse leg coming down.
You also have the long trendline coming in that area. Could be a nice shorting area.
Wait for setups to occur
Long for now
If price breaks the bullish flag or pennant which can be seen on the 1hr chart then there is a good chance price can reach point D.
This also coincides with the Fib levels of the impulse leg coming down.
You also have the long trendline coming in that area. Could be a nice shorting area.
Wait for setups to occur
Long for now