Another correction: Waiting for the midline of the channel🧲

4 Feb

Well, in the daily timeframe, after reacting to the midline of the channel, we saw a correction towards 43180, as we mentioned in the previous analysis(you can see on my profile). During retracement of the previous correction trend, it is observed that buying volume decreased and the daily candle did not close above the resistance at 43180. So, we can expect a retest of the support at 40310 and the midline of the channel. The trigger for this scenario ✅✅ is closing below 42580 on the 4th or 5th of February. If today's(4th Feb) candle closes above 43180, this scenario is canceled❌❌.