HTF form expanding triangle
Now may be the rejection from
upper bounce to lower bounce
Also, LTF form ascending channel.
Expect the breakout and retest and price down
However, it also forms bearish trend line
Potential retest may come and price up again
So consider short when breakout
ascending channel in short term while
consider long when it shows buy signal
in the future
PS: Not consider the bullish trend line breakout
and retest trade since it forms ascending channel afterward
Now may be the rejection from
upper bounce to lower bounce
Also, LTF form ascending channel.
Expect the breakout and retest and price down
However, it also forms bearish trend line
Potential retest may come and price up again
So consider short when breakout
ascending channel in short term while
consider long when it shows buy signal
in the future
PS: Not consider the bullish trend line breakout
and retest trade since it forms ascending channel afterward