We are currently in bearish channel and haven't breakout yet. It reached top of the channel on Friday and failed to breakout. Expecting 2 scenarios on market open.
1. Hanging man candle closure and fall to below of channel.
2. Breakout and retest to shift momentum to bullish.
My thoughts are more to scenario 1.
What are your thoughts?
1. Hanging man candle closure and fall to below of channel.
2. Breakout and retest to shift momentum to bullish.
My thoughts are more to scenario 1.
What are your thoughts?