Rune Bounce Back from its Previous Support on Daily TF. As MSB(MArket Srtucture Break) is also happend in internal Structure on Daily TF.
Descending Channel is formed. If Rune Breakout this channel with strong volumn, then we can expect upside movement toward its SR (Support Resistance) Level.
Descending Channel is formed. If Rune Breakout this channel with strong volumn, then we can expect upside movement toward its SR (Support Resistance) Level.
Note
RUNE Rejected from Trenline and is on Daily OB. We need Strong Volume to Break the Channel.also it has to repect Daiy OB otherwise we will see PS & Weekly OB as mentioned in chart.Trade closed: target reached
All Targets HitDisclaimer
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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.