Here comes the top???
The market has been grinding its way higher day by day however, we might experience a pullback after hitting the top of this channel. I would not be bearish yet though. The market has had a tendency to break out of channels and continue to go higher. That offers two scenarios.
1. We hit the upper end of the channel and break down
2. We break above the channel and go parabolic
It Will be interesting to watch, would love to know what other think.
1. We hit the upper end of the channel and break down
2. We break above the channel and go parabolic
It Will be interesting to watch, would love to know what other think.
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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.