ATM has been inside this channel for almost two months now, reversing every time the channel boundaries are hit. During yesterday's fall, ATM got quite close to the lower support of the channel, potentially hitting it soon. This trade is based on the long-term trend of the channel and it might take a while to unfold its true potential.
For now, expect a small drop towards the channel support after which the price has a high chance to reverse.
Happy trading!
For now, expect a small drop towards the channel support after which the price has a high chance to reverse.
Happy trading!
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