Hello,
First of all sorry for the cluttered view, I tried to make it as clean as possible.
On the chart we have several pitchforks to indicate where price is headed.
The sliding parallel which has been projected more than once keeps on being
respected by price. The smallest(black) pitchfork still holds value as its
warningline(black dashed line) formed a confluence with the projected
sliding parallel at which price bounced after contact.
I do understand this analysis is too late as price already bounced but a retest
might give you a second chance!
Goodluck
First of all sorry for the cluttered view, I tried to make it as clean as possible.
On the chart we have several pitchforks to indicate where price is headed.
The sliding parallel which has been projected more than once keeps on being
respected by price. The smallest(black) pitchfork still holds value as its
warningline(black dashed line) formed a confluence with the projected
sliding parallel at which price bounced after contact.
I do understand this analysis is too late as price already bounced but a retest
might give you a second chance!
Goodluck