if it can break above the CPR then the scenario changes, but as long as it is bellow the CPR we are expecting a renege fallowed by a down trend, if it breaks the support line and goes down till it reach the lower band of the channel
Trade closed: target reached
The price did not break the chanel and it hit the TP yesterday. It stood the analysis. Done the deal.
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.