Hello al and good day to everyone.
Here is my view on what could be playing out. Areas of interest are marked on the chart. It seems likely one last move to the bottom of the channel happens before we attempt the upper line. However if price manages to get an early move above the channel EQ, we could see the upper line challenged sooner rather than latter. Upper and lower targets marked on the chart.
What it looks like on the 4H chart...
Not trading or financial advice.
Here is my view on what could be playing out. Areas of interest are marked on the chart. It seems likely one last move to the bottom of the channel happens before we attempt the upper line. However if price manages to get an early move above the channel EQ, we could see the upper line challenged sooner rather than latter. Upper and lower targets marked on the chart.
What it looks like on the 4H chart...
Not trading or financial advice.
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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.
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.