The market since our previous session decided to move sideways downward breaking down from a previously drawn bottom channel. This morning would be a good bounce position from the same channel but beware that the channel intersects with a larger upward channel and often times things can go totally wrong. It's good to possibly set a stop loss if you do decide to go long this morning. #shortTerm
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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.