We have a yellow channel in the Weekly whose top is coinciding with a support line that is acting as resistance now, if this pattern plays out, the target appears to be the previous bottom where there is support. RSI is also reaching the midway mark where it was rejected previously
However, breaking above this zone would be very bullish
However, breaking above this zone would be very bullish
Comment:
And its back in the channel
It was just a wick and we are back in the channel. RSI resistance (blue line) also helped