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Inflexion

Buffout or breakout?Keep an eye out here what happens here at this bearish inflexion point. Could be an important level. Watch for the retest to get your confirmation on direction in the short term. If it's a stop run, you'll see fading lower highs from here before rejecting the level. If it's a breakout, you'll see higher highs and candles opening above the descending channel. Could move quickly to the top of this longer term ascending channel. To close to call at this point. I'm leaning to stop run because the volume is so light. Definite short term uptrend still holding. This should be the first close back above the trendline after giving it up. Will wait for the retest result to calibrate my trade direction from here. Great spot to watch.
B
by mfkzt_2
6