Good Afternoon Traders,
A couple scenarios for you all,
potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close,
ideally for me if we do ill be looking for a further push out of that area and a potential entry, given that price action confirms it.
alternatively, we could correct to the side as illustrated and potentially to the upside completing a larger channel or it could start spilling out to side, we will wait for price action to confirm what it wants to do.
Let me know your thoughts.
A couple scenarios for you all,
potentially we are in ascending channel as illustrated by the dotted trend lines, the highlighted area is my area of interest will Price action push into this area and reject or will we get a strong bullish candle close,
ideally for me if we do ill be looking for a further push out of that area and a potential entry, given that price action confirms it.
alternatively, we could correct to the side as illustrated and potentially to the upside completing a larger channel or it could start spilling out to side, we will wait for price action to confirm what it wants to do.
Let me know your thoughts.