As you can see, we broke a resistance zone
that was holding price in for weeks. We saw a stop loss hunt of sellers who shorted at the resistance zone
. We might see price either retest the resistance zone
and continue it's way to the upside or we might see price just dropping below, and taking out potential buyers that will enter the market at the previous Resistance, now Support zone
. Let's see how price moves now. We could enter a trade right now and wait for price to drop
, and either coming back up, or breaking below and taking out buyers that will enter the market.