With a strong break out of the ascending channel followed by a corrective structure, the set up will be more favourable for a short position .
But if a small correction is formed at this moment then the short set up will still be confirmed
But if a small correction is formed at this moment then the short set up will still be confirmed
Note
A pending order is in place with the entry just below the corrective structure , stop loss slightly above it and profit target set at the low/beginning of the ascending 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.