I am suggesting a reversal along the parallel channel that can be drawn extending from LUNC bullrun and through its bear run, this channel top will act as support
Bars pattern placed is similar to price action seen in August 2022
Hourly Chart
Reversal Potential
A trend reversal on this timeframe would be massive for the bulls
Bars pattern placed is similar to price action seen in August 2022
Hourly Chart
Reversal Potential
A trend reversal on this timeframe would be massive for the bulls
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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.