DAILY: 1. Major Trend Reversal In Play = Bullish, But! 2. Price In Broad Base Channeling Up= Bullish But Broad Base Allows For Both Sides Trading (Long And Short ) 3. Price Formed A Triangle @ Upper Part of Channel = Lower Channel Needs Testing 4. CONFLUENCE OF POINTS: Outer Downtrend Line+Triangle+ Upper Part Of Channel + Prior MODE Zone = Strong Resistance 5. Target Is Lower Part Of Channel
4H: 1.BX 2. Triangle BO And Follow Through(RE Bar) 3.11 Bar MODE 4. Target Is = Length Of Triangle Base