Price broke below the sliding parallel of the ascending channel, and is now find good resistance at the parallel as it develpois a corrective structure. Selling the breakout below the correction is a nice idea. A bearish divergence adds to our analysis going short.
Kommentera:
Breakout worked wonders, and price dropped breaking below the sliding parallel of the ascending channel. It looks like it's forming another flag. I will be looking closer for this flag to complete and sell the breakout if that happens
