Looks like today we have bounced off the midpoint of this channel. Yesterday we dropped, today we rise!
Overall, this looks like a very neutral position. Potential for a short gain here up to previous highs with a bounce back down to lows.
No one can predict how long we will stay in this channel, but the breakout or breakdown will be very bold and very loud in one direction.
As a trend trader, I am looking to a breakup potential right now. If I had to be in a position, it would be long.
Overall, this looks like a very neutral position. Potential for a short gain here up to previous highs with a bounce back down to lows.
No one can predict how long we will stay in this channel, but the breakout or breakdown will be very bold and very loud in one direction.
As a trend trader, I am looking to a breakup potential right now. If I had to be in a position, it would be long.
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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.
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.