Price is creating a small desending channel to fool traders in the wrong direction. The channel is created after an impulse move , its very much likely to follow the impulse ,correction and continuation pattern... So i recommend a BUYSTOP order to be trailed along the small descending channel,especially at the resistance area of the small descending channel, i will keep trailing it along the PREVIOUS LOWER HIGH PRICE level/ Peaks of the descending channel till my order is filled
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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.