Hello guys, please hit the LIKE button to support this work
we completed two targets on previous downward wave. now price is above the mid line of the channel and we can take a long position with target on resistance.
but it's better to wait for a decisive movement and then take a position. if price breaks the resistance of the descending channel we can take long position. if price loses current support level we can take a short position and continue to short if price breaks the channel's support line
Please follow the Trading View profile to support my work
Do not trade this idea before you make your own analysis!
Just an opinion.
9640 seems a wee bit safer.
Again, just an opinion.
;)