The price movement with each channel is extremely similar
This leads me to the conclusion that price action following the channel end may also be similar
Price action after the first up channel was very bearish , therefore I can assume after the second up channel bearish movement can be considered
This is regardless of the channel being above or below the Major trend line in white
This leads me to the conclusion that price action following the channel end may also be similar
Price action after the first up channel was very bearish , therefore I can assume after the second up channel bearish movement can be considered
This is regardless of the channel being above or below the Major trend line in white
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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.