Testing the new long term channel

130
If the market bounces from the low in the new channel, it might be bounce into a new high. If it drops back into its old channel, we might see lower lows. The bull market isn't broken long term.
Trade closed: target reached
Seems like we are back in the lower band. Some more to go down before we bounce back

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.