A possible set-up for bearish
3 drivers is forming. The day bouncing just half a dollar above the parallel channel
gives more strength to this pattern as well. The overall trend on stochastic
show the momentum is declining (although maybe inevitable after the first legs jump) giving weight to an overall bearish
signal. The bottom had a violent push back up suggesting good support level
and where drive 3 begins.
Although you could play the move up, remember the highest probable trade is at the top, once it reverses below the PRZ for the pattern.
All trades are risky and may lose principle. Carefully consider each strategy before taking it.