Martinn340

Martinn340

I think we might have a small and risky long position here, but with a good risk reward ratio. Price is sitting on the bottom part of a downtrend channel and also is sitting on a previous important support / resistance level. I do not think the downtrend will change at least for a little while, but for now we have this small buy opportunity. DO NOT TRADE AGAINST...

Martinn340

Just a simple analysis!

Martinn340

I wouldn't take any positions until it breaks either up or down

Martinn340

Disney Slow Re-Opening on mid July may give us a good opportunity here. Im hoping that the price will slowly go back to the main uptrend channel. You can enter now, or wait until it breaks the 120 resistance and do a pullback.

Martinn340

If it doesn't respect the older channel bottom line / support that was broken, it should respect the uptrend support line, and they are both at the same place.

Martinn340

May go down to the middle of the channel, or to the bottom