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i was looking for an entry at 5.60, but I missed, and WILL not enter it, since I am late.
anyways, the channel looks clear, since we have the flat support and the two trendlines , so I expect it to go sideways-upwards in the channel, just make sure, if you want to jump in, to not do so when the price is in the top of the channel. (if you are long, of course)
anyways, the channel looks clear, since we have the flat support and the two trendlines , so I expect it to go sideways-upwards in the channel, just make sure, if you want to jump in, to not do so when the price is in the top of the channel. (if you are long, of course)
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if it is fake, it can go down to MA 20 (purple moving line), $6 (or even $5.6 (support) or even lower), if it is a true pullback it will go higher using the trend as support.