Price continues to make a newer higher low & usually I wouldn't use Fibonacci in a sideways environment but I believe, it shows some validity as to how price seems to slowly move upwards
Note
We now have a second breakout, where price has continued higher from this downward channel, so will be looking to go long again soon.
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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.