Parallel channel - Flat Bottom Raising Top

Price into a parallel channel and rejected at the top exactly as expected. I din't expect so much strong rejection as the price was completely in a super bullish mode.

Another pattern to address is Flat bottom and raising top pattern. According to this pattern also price was rejecting exactly at the top of the trend line.

It is not advise to take a new trade at this point, lets wait for the next pattern to form. REST !!!

Comment:

parallel channel support reached. Close your short positions

Trade closed: target reached