Re-test of upper boundary of descending channel.
Could resistance be transforming into support at this level? Do we bounce of this boundary?
Note
A larger perspective to identify the channel boundaries. Note
Daily 89EMA is holding so far.Note
This set up is now invalid. Stop manually activated. Will look for a long position a bit further down. Heavy buy volume on the heat map, however. It's a slow grind down.
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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.