The angle of this channel is small.
I see it as a bear flag.
I will be watching RSI on higher timeframe to make a second leg and hopefully a divergence.
I will also keep in mind the fibo targets.
Wave 2 - usually does at least a 60% entrancement.
It is not worth it to enter this trade for me. I will wait for a correct place to enter long.
Weak short today-ish and Long in overall.
I see it as a bear flag.
I will be watching RSI on higher timeframe to make a second leg and hopefully a divergence.
I will also keep in mind the fibo targets.
Wave 2 - usually does at least a 60% entrancement.
It is not worth it to enter this trade for me. I will wait for a correct place to enter long.
Weak short today-ish and Long in overall.