Possible Rejection At Top Of Channel Trend Line
Looks like we could get rejected here at 295.95
It has stayed in this same trading channel since the 10th of May, so if we do breakthrough make sure to watch for a retest on the top trendline and bullish indications (Bullish Engulfing Candle) for entering a long.
If it breaks down then I would look to open a short position/Put and aim for take profit at the bottom trend line in the channel.
It has stayed in this same trading channel since the 10th of May, so if we do breakthrough make sure to watch for a retest on the top trendline and bullish indications (Bullish Engulfing Candle) for entering a long.
If it breaks down then I would look to open a short position/Put and aim for take profit at the bottom trend line in the channel.
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