A large up channel is plotted on the Weekly timeframe.
If we look up closer on the Daily timeframe we can see price is under the middle dotted line. Which is a bearish observation.
I expect price to dip to the bottom of the channel and return strongly.
If we look up closer on the Daily timeframe we can see price is under the middle dotted line. Which is a bearish observation.
I expect price to dip to the bottom of the channel and return strongly.