🔸4H CHART EXPLANATION:
.
.
🔸Price bounced at the Support Zone and started a nice bulish move, however, it couldn't surpass the Resistance Zone.
.
🔸Instead, it has been rejected, and now it is breaking the Ascending Trendline of the current structure.
.
🔸If the breakout is confirmed and price consolidates below, we may see a bearish move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Support Zone and started a nice bulish move, however, it couldn't surpass the Resistance Zone.
.
🔸Instead, it has been rejected, and now it is breaking the Ascending Trendline of the current structure.
.
🔸If the breakout is confirmed and price consolidates below, we may see a bearish move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS: