It could be that this channel bottoming speaks to a consistent volume slog through at a significantly more conservative angle than we've seen in the past 90 days. This top-chop would certainly have a sort-of unexciting and therefore punishing outcome for anyone holding delta for breakouts if we were to simply rise and fill toward the high.
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.