Most likely bouncing off the first support. CM bottoms reading is green and above both blue and yellow bands, and it's a .382 of the global channel. If fails, the only way is until the bottom of the channel where it's most likely to bounce off unless it breaks, where it'll be a whole new trade idea. Low risk setup with a general ratio of 5:1.
Part of a bigger if-then trade scheme of the global channel.
Part of a bigger if-then trade scheme of the global channel.
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level broken. Shorting until bottom.