A break of the lower counter trend support and retest will allow more bears to push price down. Scenario 2 if the price fails to break the support and pushes to the blue box A Sell position can be executed from the blue box. A Good Swing Trade Ahead!
A retest to the previous counter trend resistance trend line will apply pressure to the bulls to take over.
Looking For bearish Opportuinity at the top of the channel.
Good Day!!! Can the Wave 4 Count Be Forming??? Since Price has tested the weekly support level.