MariusStanescu

Upchannel or Bearsih Flag

CURRENCYCOM:US500   US 500
Simple technical and price action analysis.

The price is moving in a 'by the book' up channel . Trading now is theoretically simple, because you just trade the bounces inside the channel. But...If the price breaks in the down side of the channel, then this would be a break to a Bearish Flag, which considering the 4H timeframe, this might go down for a while, if the scenario is happening.

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