Market SituationSeems price has broken out of a wedge with a strong move (a) but now has entered a ranging cool off wave (b).
OutlookWave (c) is what CAN actually challenge higher levels only if it CAN break above the strong resistant zone ahead of it.
Key LevelHighlighted zone is where buyers need to hold the momentum, if wave (c) is about to kick start. So as long as price has not broken above the trendline and highlighted blue line, wave (c) is not confirmed yet.
