Descending channel with a possible double bottom and if the double bottom is realized, I will wait for a bullish impulse followed by a corrective structure before taking the trade while targeting the top of the channel.
Note
Now waiting for a corrective structureNote
As a result of the corrective structure being formed, a buy stop is placed with entry above the corrective structure, stoploss a bit below it while targetting the top of the descending channel .
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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.