Looks like a failed breakout attempt of the channel - downside more likely, successful retest possible.
Comments
josephaccetturo-ii
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I think if you looked at a longer term trend with some elliot wave and technicals like macd you would have seen a turning point as a great spot to get long.
PontusTrader
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@josephaccetturo-ii, Thanks mate, I definitely need to learn wave theory. On its own, once price broke through the upper resistance, fell back in and then retook the breakout price point, one should have gone long.