To reenter the upward channel has been a buying signal. I had lost the trust in it and closed the position. It was a mistake. Now I am trying to jump on the running train. But I see some chance for a further rise.
We are below the rising since the beginning of the year channel. This is important the more that at the same time we are also holding below a level which had been the bottom since January 22nd and the top at January 14th.
After the break out of the downward channel the way shall lead upward. A retracement towards the top of the channel was likely and has been taken place now. Thus the way may be clear for a rise, even a substantial.