Breakout after descending trendline. Price breaks out after third touch and created equal high before retesting the trendline.
Price is currently at the nearest zone.
Possibility 1: retrace back up to make a LH or new high
Possibility 2: Price will continue down to retouch the trendline before pushing up.
Price is currently at the nearest zone.
Possibility 1: retrace back up to make a LH or new high
Possibility 2: Price will continue down to retouch the trendline before pushing up.