As you can see, it is in an ascending channel and by hitting the bottom of the canal, it provides the possibility of re-ascending to the ceiling of the Channel. Can be seen We have to wait to see if we will climb after hitting the bottom of the channel Or losing the trend line.
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.