I wanted to show more drawings on this chart. But avoided lest it leads to confusion. Weekly Downtrend channel in green. Prices move back and forth. Expect them to return to the trendline.
Problems:
1.Double top at midline.
2. Short term Downtrend.
3. Stock has broken the daily channel in yellow and given a new high. Time for a new trend or range to begin.
Wait for clarity. Will update when suitable. No fresh entry.
Problems:
1.Double top at midline.
2. Short term Downtrend.
3. Stock has broken the daily channel in yellow and given a new high. Time for a new trend or range to begin.
Wait for clarity. Will update when suitable. No fresh entry.
