The bottom of the channel has not collapsed yet.
We tested the bottom of the channel once again
Since FOMC, it has bounced up from the wedge pattern.
The problem is that the size of this rebound that just started
You have to check how long it will go and where it will be resisted.
If it goes above the orange top trend line, I'm ready to look at it positively again.
But if it comes down to retesting at the bottom of the green channel again, I'll look at it negatively.
Since FOMC, it has bounced up from the wedge pattern.
The problem is that the size of this rebound that just started
You have to check how long it will go and where it will be resisted.
If it goes above the orange top trend line, I'm ready to look at it positively again.
But if it comes down to retesting at the bottom of the green channel again, I'll look at it negatively.
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