We are traveling in a clear controlled to the upside from the recovery of the massive selloff.
12hr and up are all firing green and now breaching the past the 232$ old Resistance and trying to turn it into new support. (Horizontal support)
We are also turning for a push off the upward channel support.
I like that it did push for the highs.
All indicators are from the dots and the Crossover strategy are shooting green!
Your next breakout level will be 237.51, a push up we will travel to the top of the channel.
When the candle compresses and fires red with the dots indicator that's where we will look for a sell at the top of the channels Resistance or a break out of the parallel upward channel through the bottom of support.
For now it looks good to continue to sit on.
We will see how strong the old Resistance becomes for a potential new support.
If channel were to break and drop below 223.14 we would then look for a short on a distribution play.
Best of luck to you, have a blessed day!
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🥇MLT | PRO TRADERS
The lower timeframe will help me see a channel break or a channel bounce to get earlier confirmation on a long or short