This should bring out both bulls and bears! 😱
It's an amazing and long channel.
The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash.
I'm not into that debate. It's a dangerous one.
Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big...
Waiting to JUMP THE CREEK off of the order block. Smart Money sold to buy and I am waiting for them to breakeven on the sell to push market up. Spread was WAY too big when the market opened yesterday, so I would like to see price come back to 0.94650 again give or take a few pips. Then we will jump in with the buy and ride it to the previous highs.