An inverted flag might be in play. Thus a confirmation of a breakout off the channel could be a good indication of a true breakout.
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These two zones are also visible on the Daily TF with price being on the resistance zone
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Price seems to be retracting from the resistance zone, thus I will be watching for further actions
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This is the 4Hr Outlook
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An inverted flag might be in play. Thus a confirmation of a breakout off the channel could be a good indication of a true breakout.