This setup is developing and might catch attention soon.
MARK is currently trading in a clear downtrend within a well-defined parallel channel. While the chart shows a lot of noise; with overlapping swing highs and lows forming scattered support/resistance, there are early signs of a potential reversal.
We’re not entering just yet. However, a strong breakout above the upper trendline, especially with volume confirmation, could signal a major shift and possibly a sharp move upward.
🔍 Key Observations:
- Still in a downtrend
- Complex and noisy chart structure
- Parallel channel used as the main guide
- Potential for reversal and a breakout
📌 Action:
Stay on close monitoring. Let price action and volume lead the way. No need to rush but be ready if it breaks the channel with momentum.
MARK is currently trading in a clear downtrend within a well-defined parallel channel. While the chart shows a lot of noise; with overlapping swing highs and lows forming scattered support/resistance, there are early signs of a potential reversal.
We’re not entering just yet. However, a strong breakout above the upper trendline, especially with volume confirmation, could signal a major shift and possibly a sharp move upward.
🔍 Key Observations:
- Still in a downtrend
- Complex and noisy chart structure
- Parallel channel used as the main guide
- Potential for reversal and a breakout
📌 Action:
Stay on close monitoring. Let price action and volume lead the way. No need to rush but be ready if it breaks the channel with momentum.
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.
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.