The price has been moving in a rising channel since the last bigger bearish correction.
As this movement makes smaller corrections when bouncing off the indicated resistance zone, it may be a way to break above previous highs.
Looking for movement in the channel until the horizontal resistance, as this is a decision zone.
Until then, the channel provides us with both bullish and bearish setups as the price is moving inside.
If we see a breakout below the support zone, the idea of a rising channel above the previous high is invalidated.
As this movement makes smaller corrections when bouncing off the indicated resistance zone, it may be a way to break above previous highs.
Looking for movement in the channel until the horizontal resistance, as this is a decision zone.
Until then, the channel provides us with both bullish and bearish setups as the price is moving inside.
If we see a breakout below the support zone, the idea of a rising channel above the previous high is invalidated.