We are currently at consolidation and I'm leaning towards an upward bias! WHY?
1. We had a break of a downtrend. 2. We had an impulse to the upside. 3. We retraced and started to form a consolidation period. 4. We had a huge entry of buy pressure at support of our consolidation zone!
I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!
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