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Price has been rejected of the higher boundary of the ascending channel. In case we lose the local support (or support of the bullish flag) I would expect the retest of the mid line and more downside if the mid line is broken.
Btw if the retracement of the support occurs we can consider the long position locally
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Price has been rejected of the higher boundary of the ascending channel. In case we lose the local support (or support of the bullish flag) I would expect the retest of the mid line and more downside if the mid line is broken.
Btw if the retracement of the support occurs we can consider the long position locally
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice