I'm a fan of curve channels just because they are clearer and they represent a more fluent trajectory of the price which makes more sense, than linear lines (Sentiment isn't linear, pa isn't linear <waves>, so channels shouldn't be aswell).
And it still works - you can see on the monthly created a clear orange channel (curves are basically copy pasted from each other and wicks match pretty nicely).
But good news - price has broken from those two and created a clear second channel ! So if you copy that new channel based on waves's tops - you can see the area of confluence and actual retest at the strong support area.
It's there where you want to actually long short/mid term.
Good luck!
And it still works - you can see on the monthly created a clear orange channel (curves are basically copy pasted from each other and wicks match pretty nicely).
But good news - price has broken from those two and created a clear second channel ! So if you copy that new channel based on waves's tops - you can see the area of confluence and actual retest at the strong support area.
It's there where you want to actually long short/mid term.
Good luck!
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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.