Rising Parallel Channel. Price hit resistance and looking back in time, price seems to bounce off that ascending level.
I expect a 3% dip and bounce back up off the EMA cloud. Confirmation on that volume decrease plus u got a doji-type candle at the peak just as it touched resistance.
Happy Trading,
Stefan
Owner of A-Stock Trading
I expect a 3% dip and bounce back up off the EMA cloud. Confirmation on that volume decrease plus u got a doji-type candle at the peak just as it touched resistance.
Happy Trading,
Stefan
Owner of A-Stock Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.