AFTER THAT STOP HUNT ABOVE TREND LIQUIDITY MARKET SMASHED LOWER BUT BUT PUASED
as you can see the purple line was a trend following a market structure where a lot of traders consider it a trend line resistant what is the best way for technical traders to sell and put their stops. yes, you are right above the descending trend line .
market induce stops and hunt them then turned back lower, it did not make a lower low WWHHHHHHHYYYYY?
OK! the most bullish scenario for me is that the key level line holds any downside movement.
the most bearish scenario for me is that the key level line breaks downside with acceptance.
you can see my old analysis on the chart