As you can see the trend turned into a trading range inside a horizontal channel . I'd rather use 30 min chart. What I see inside the channel is that bulls do not have the enough power to have a new HH and we have strong bear bars closing on their lows .so I think still bears are in power. my first target is the prior double bottom. Still holding. GOOD LUCK
Hi everybody. As you can see the price is bouncing inside a descending channel .I see also a horizontal support and resistance area that are hard to reach for the price. There are not enough prominent bull bars to increase the price. Short is more logical. Please comment to share ideas. Thanks.
The price is bouncing inside a channel. The truth is that 80 percent of break outs fail. But this time the evidences are Clear. Not enough bull bars. Bars with big up tails.not enough power to bounce up. Minor triangle which is broken downward. Inside bars. Good luck guys.