is this trading the range or looking for a bullish channel?
khansalarehsan
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@Bannoski92, To be honest, I cannot comment on this but I can see this year, the last 3 major Swing Highs have happened after each 78 bars and today we are at the 78th bar which is making the fourth Swing High.
I would expect one of these 2 scenarios:
1. A fake break out and a daily red candle (I would wait for RSI to confirm that the bullish momentum is about to be ended).
This is a good signal for short. Target at least the lower parallel.
2. It is a legitimate break and then it may go up for another 78 candle!
Good luck...