This channel is holding up pretty well with the top and the bottom of the channel being tested multiple times.
Best case scenario is support holds up once again and and we test the top of the channel
Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines)
If you go long, impliment a stop loss. This is a bear market after all.
Best case scenario is support holds up once again and and we test the top of the channel
Worst case is this ends up being a bear flag, support breaks to the downside and we test support levels lower down (blue lines)
If you go long, impliment a stop loss. This is a bear market after all.
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