Eeeemmm, do we really want to break out of this beautiful channel?
Hmmm...
Let's find out. Personally, I would LOVE to see a continuation of this channel. Hit the upper trendline and sell-off. Because on a Monthly chart, this would flag out perfectly for some more downward pressure. But, for now, this is a tricky one to play.
If it closes above that, then we're looking for some more upside. But if the upper trend of the channel holds, then it wouldn't be a bad SELL. But you'll be the judge.
As always, keep an eye on the price action!
Hmmm...
Let's find out. Personally, I would LOVE to see a continuation of this channel. Hit the upper trendline and sell-off. Because on a Monthly chart, this would flag out perfectly for some more downward pressure. But, for now, this is a tricky one to play.
If it closes above that, then we're looking for some more upside. But if the upper trend of the channel holds, then it wouldn't be a bad SELL. But you'll be the judge.
As always, keep an eye on the price action!