Waiting for confirmation
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Wait for one of the boxes to get hit to get in a trade.
To be sure, wait for a close in or past one of these boxes.
To be sure, wait for a close in or past one of these boxes.
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1Hour 200EMA must not be rejected too fast (if it gets rejected).It's normal to get rejected at the first try to pass at a resistance. But eventually I expect it to pass if we can consolidate sideways here to build some structure for future support.
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The current 2hour view
If we can manage to consolidate sideways here once again we could see some more upside still. Otherwise we created a nice support at the blue box or at least the 10SMA
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Correction: if we use the closes on the 2hour we get this as the current channel.
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The bigger trend here
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