Context: price is in a downward channel , where we currentyl are at an oversold condition and near the demandline of the upward channel , which per se is a nice confluence level to lookout for a reversal trade , however as long as we are conatined within the downchannel , there is still weakness present ,
Trade Opportunites:
Long: reversal at oversold and demandline of a channel
Short: Retracement at supplyine of downchannel reversal at 50% mark 77600