Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel which looks like a bigger bullflag indicating that the buyers are not done yet!
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
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