The price can consolidate within the zones and the break out will decide either to go long or short.. "EDUCATIONAL PURPOSE "..
Price has formed a bullish pennant pattern and the closing candle is rejection candle where price failed to move downwards the price can breakout from the pattern and may retest and move upwards till the resistance level which is also a fib extension level..."EDUCATIONAL PURPOPSE".
Price got rejected from monthly supply zone and it has retested the new support zone and has bounce with a positive movement the price can move upwards till monthly supply zone again.. Try to find an entry at lower time frame ..before taking any trade do your own analysis.
The price had a grate upward move, now the price is forming a channel pattern as the price has been rejected at resistance the price can move upwards after taking support and can break the channel upwards , the other case can be the price will break the channel as well as support and the price will fall .wait for the breakout on either sides..
As Price has retested the major level after falling from monthly supply zone as well as resistance and now price has formed a symmetrical triangle pattern and the price is moving again towards the resistance....if want to make an entry go at lower time frame ..Do not make an entry at my analysis these analysis is only for education purpose....