We have a large descending channel, which appears to be forming a smaller ascending channel as part of a correction.
Once the correction is confirmed and completed, it could provide a good opportunity for a short position.
However, if the lower boundary isn't broken and the price moves higher, we’ll hold off and wait for a new structure to form.
Once the correction is confirmed and completed, it could provide a good opportunity for a short position.
However, if the lower boundary isn't broken and the price moves higher, we’ll hold off and wait for a new structure to form.
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