Price has broken the descending channel and is likely to find resistance on the top of the newly formed ascending channel. We can then look out for the retest on the back side of the descending channel. This is where we can expect to take our swing trades for the LONG.
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.