hi, long here, but close position if a candle closes below the channel.
things to note.
Bull div on RSI
Stoch RSI hugging bottom, time for a pivot?
Channels are typically continuation patterns.
When price broke down, there was alot of volume (Acts like a brake) and candle still managed to close inside channel.
We are going up next, most likely. Good luck.
things to note.
Bull div on RSI
Stoch RSI hugging bottom, time for a pivot?
Channels are typically continuation patterns.
When price broke down, there was alot of volume (Acts like a brake) and candle still managed to close inside channel.
We are going up next, most likely. Good luck.
Comment:
Price broke out after taking a second dip and it is bouncing off the top of channel. We are probably loking at more consolidation, with a slightly bullish touch.
