Those who dare, will keep short positions, those who consider it is risky, must close these, if or when the up level of the channel will broke.
Its likely wave {2} formed and wave {3} will start soon
Wave {4} of c is in development.Wave {2} was a flat correction . So we expect a sharp correction in wave {4} according EW theory.
Wave {4} of b is in development.
Its likely wave v is in form. So long positions after HL brake.
We must not forget that the trend is steel bullish. So sl very tight...