Forming an ascending channel on the 4hr chart. Testing crucial resistance. If it breaks up of the resistance possible continuation of the channel and possible new ATH's
In case we get rejected, price can retest trend line as support but with the higher probability of breaking down.
I think this can be the local bottom as the wick is accompanied with high volume.
In case we get rejected, price can retest trend line as support but with the higher probability of breaking down.
I think this can be the local bottom as the wick is accompanied with high volume.