In this video I cover two potential trades - a short term one, and a huge buy one! Price is being moving into a rising channel
finding resistance at the upper parallel, dropping into an impulse move. A pending bearish bat
pattern is being developing which is the short term opportunity I was talking about. A bearish RSI
divergence is adding to our short term setup. Our main view though is bullish
. In case price retraces to the lower parallel of the channel, we should start watching for a buy setup completion and see if you join the rocket aiming for the $2800 level or even higher. At the lower parallel of the channel we have confluence with previous structure, which makes our support even stronger to hold.
Feel free to like, comment and share your thoughts.
Trade with care,