Expect short term bounce upward and then move to the lower part of the channel. Keep in reference that the trend is up both on the and WEEKLY CHARTS. Use the Parabolic settings ( 0, 5, 0.24 ) to determine your ENTRY and STOP LOSS. The STOP-LOSS is your RISK. Parabolics define: ( a ) your RISK; and ( b ) your STOP-LOSS placement. Be patient for your right entry. Good luck in your trading.