On the chart we can see a rising channel. We expect that the price will retest the upsloping support trendline which would be our entry in long position.
From there we expect the price to go higher and eventually retest the upper boundary of the rising channel.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
From there we expect the price to go higher and eventually retest the upper boundary of the rising channel.
Invalidation of this thesis would be if the price breaks and closes below the upsloping support line.
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