My attempt at analyzing Trends

Sep 15, 2020

I am still learning the terms but I think I understand the patterns, this looks like the market is currently stagnant in the middle of consolidation. Before this it was in a downtrend and I do not think it is going to keep going down. I am trying to capture 20 pips only and looking for the best entry, where to place stop loss and where to place take profit. I believe I would be buying, I think the market will turn bullish. Am i way off or does that make any sense? I have circled points of resistance and support, drawn out the few uptrend lines I could see, and all of the downtrend lines. I used parallel channels to shoe support and resistance zones. Price Ceiling and floor are also marked on here. Thanks