Bounce & Breakout!!Money Makers!
BA has been trading nicely in an ascending channel. It recently bounced off the bottom of the channel and is now facing its next battle which is the trendline shown. There is a little consolidation right below the line, which leads me to believe that a breakout will happen soon. If it does indeed breakout we can expect a nice rise to retest the top of the channel. Let's see how this plays out.
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It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.