- Price is correcting inside this channel since August with a clean behaviour.
- Price is currently making a fourth touch in the supportive trendline and failing to reject impulsively (as it has happened before).
- The price is located inside of a large conciliation box which ends up indicating our last support level.
- We are looking for long entries in the 1H/2H/4H timeframes if we find a good reversal pattern.
- We would only enter in short positions if we have an impulsive break of our conciliation box. Keep in mind that a break and re-test is also valid for short positions.