On the Daily, we can see that the rising channel has served as support and price has begun reacting. As a bull, I would look for a reversal pattern before entertaining any longs.
Parallel channel shows the direction of the trend.
Fibonacci retracement lines shows where the trades are taking place.
By zooming out and understanding the long term trend, you'll save yourself from market whipsaws.
Parallel channel shows the direction of the trend.
Fibonacci retracement lines shows where the trades are taking place.
The close of the weekly doji and a bullish candlestick formation would pique mu interest in stepping in on longs to the top of the channel...
