price is moving in a descending channel, and it as reach the upper part of the channel, price is exepcted to drop to the previous low of the channel. which serve as the TARGET. and if the price break out of the channel. to the upside , it will invalidate the setup
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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.