Updated

The Downtrend Channel Holds, Will it Bounce?

Well, the downtrend channel which has been tested on both sides numerous times has held us for now. This descending channel coupled with the 200 daily ma provided a great buying oppurtunity and an obvious bounce point. The question now becomes can bull fend off further attempts to breakdown price and instead hold the line and reverse us? If we can reverse in the next few days I would view the breakdown as a headfake/trap. However, if we push below the channel and below the 200daily ma..we have problems (captain obvious i know)

Anyways, all the best

Red Boar

Note

Note

Note

We are still holding...hoping for something like this

Note

expansion incoming

Note

Tik Tok can we please just pump to 16k?

Note

target hit perfect on this one and still playing in the channel. great thread and hidden gem. will close this one when we finally break out

TEXAGG22

Also on:

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.

TEXAGG22

Also on: