Intermediate channel is downward and widening its range
The daily chart regression channel has been breached above its resistance: bullish. The Intermediate channel on the hourly chart over the past several days is downward sloping and widening its range: bearish. More bearish then bullish in the intermediate next several days. Becomes bullish if, perhaps after, the retracement of current highs, it is able to hold a break above resistance.
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.