We have to break the channel, but how?
For the time being, I see three scenarios playing out.
1. Black line continues in the channel, before deciding which way to breakout.
2. Red line violates the trend channel, hard up and hard down.
3. Green line violates the trend channel, hard down and up.
I still believe we are in a bull market, but we need momentum to continue up.
For the time being, I see three scenarios playing out.
1. Black line continues in the channel, before deciding which way to breakout.
2. Red line violates the trend channel, hard up and hard down.
3. Green line violates the trend channel, hard down and up.
I still believe we are in a bull market, but we need momentum to continue up.
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