A false breakdown has formed at the lower boundary of the H1 range.
Accumulation-Impulse-Reverse Impulse-Accumulation. (Reversal design)
Medium term deal.
activation: 4427 (on the test of the second accumulation)
stop: 4407
tp-1: 4446
tp-2: 4485
Sort of proved wrong in the last contrarian set up, but here we are not approaching the strong resistance zones of 2600-2630.. and unlikely to clear that easily. this could present some good contrarian ideas shortly.
It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using a support line from Double Zero...
