There is a possibility that the descending channel is a wave 4 formation which if its broken to the upside will initiate wave 5 movement. You can enter the trade now or waiting for additional confirmation for a more conservative approach.. Please trade with care :)
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.