Price broke the well respected level of resistance and retested it as support.
Price is now in a corrective channel and I am hoping to catch the drop from point 5.
Price is now in a corrective channel and I am hoping to catch the drop from point 5.
Note
Price could also be considered to be making a bearish flag pattern.
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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.