In the middle section of the channel, second touch of the bottom trend line and respected the double bottom.
As we have now broke out of the dotted trend line, we can expect to enter on the correction of the smaller time frame, and riding this back to the double top and potentially the third touch of the channel before analysing how it reacts here for another set up.
As we have now broke out of the dotted trend line, we can expect to enter on the correction of the smaller time frame, and riding this back to the double top and potentially the third touch of the channel before analysing how it reacts here for another set up.
Note
Correction formed on the 15min, with break Trade entered
Note
If you have missed the setup, there is opportunity for a second entry as per belowThe Safest being, break above double top and retest, alternatively it could just shoot off, so a buy limit above the bull flag is also an entry, depending on you risk appetite
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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.