We're coming up on two opposing long-term trendlines . Market is scared to test either direction. This will resolve within 2 weeks with a break (upward, methinks).
You can see I've overlaid a couple patterns of past bars, and established an upward channel.
You can see I've overlaid a couple patterns of past bars, and established an upward channel.
I happen to believe that you can't say a channel is truly broken on low volume. If you redraw your channel accounting for volume, it probably hasn't actually broken downward.