We have an opportunity to either go long or short depending on your patience. We have a major resistance at the top, so why do persons think that price wouldn't go for it. Once price reaches, we should see a sharp drop to balance the channel. I've marked out a trendline within the parallel channel as well (an inner-trendline if you will). If price breaks it, we should start looking for that short position.
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.