in this time frame we have a great ascending channel as you see in the chart, and key levels of support and resistance .for now price follows the bearish trend line and one unsuccessful break out and a triangle pattern as well.
if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or 50.
but if price be unable to break above and break downside of the triangle and ascending channel the two main support could be great area for price recovery and powerful movement to the higher targets.
if the price could break out successfully and stabilize above the resistance we can see bullish movement to the top of channel 48 or 50.
but if price be unable to break above and break downside of the triangle and ascending channel the two main support could be great area for price recovery and powerful movement to the higher targets.
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