Price has broken out of the larger channel in white Price is now trending up a channel in green Price from here could fall back to the white channel and find a support above it, or just continue above through the green channel Daily chart
Order SELL DNOW NYSE Stop 11.19 LMT 11.19 will be automatically canceled at 20230401 01:00:00 EST DNOW daily bearish hammer at buying zone, stop loss above it, take profit to ceiling of selling zone.
Nice compression with inside bear candle gaping up and then sold out. We are going lower.
DNOW expected to open at 22 for a Retest Gap. Watch out for nearby pivot. To learn to trade this strategy for free go to www.RealLifeTrading.com