Quick, look at everything within the green lines. That is the current trend channel.
For one who likes to buy trend channel support? We're not exactly there as you can see.
The beauty of trend channels is that they define the trend and keep you centered not to mention keep you from buying when an issue is at trend channel resistance. Nice overall structure currently, but closer to trend channel resistance.
From here its all about building out another pink line pullback, at least for me it is.
Strictly for informational and educational purposes only, these are not recommendations, trade at your own risk.
For one who likes to buy trend channel support? We're not exactly there as you can see.
The beauty of trend channels is that they define the trend and keep you centered not to mention keep you from buying when an issue is at trend channel resistance. Nice overall structure currently, but closer to trend channel resistance.
From here its all about building out another pink line pullback, at least for me it is.
Strictly for informational and educational purposes only, these are not recommendations, trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.