As price is approaching top of channel, two short scenarios could come into play.
A) Break through .5 to .618 previous resistance
B) Break down from .5 level toward bottom of channel
A) Break through .5 to .618 previous resistance
B) Break down from .5 level toward bottom of channel
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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.