From a structural perspective, it's safe to assume that if a 4H corrective structure presents itself with strong rejection in the highlighted area, there will certainly be a short opportunity to the previous resistance zone turned support.
Keep in mind the ascending channel with a daily impulsive break. This suggests a corrective structure will form on the smaller timeframes to then reject from that key area.
Keep in mind the ascending channel with a daily impulsive break. This suggests a corrective structure will form on the smaller timeframes to then reject from that key area.