ATM has been trading inside this channel for a month now. During the latest sell-off ATM hit the bottom of the channel, forming a double bottom in the process: a classical bullish pattern.
My take would be that ATM will continue to rise towards the top of the channel, potentially breaking out from it in the coming weeks if bullish pressure remains.
Happy trading!
My take would be that ATM will continue to rise towards the top of the channel, potentially breaking out from it in the coming weeks if bullish pressure remains.
Happy trading!
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