MASK had a nice reaction to the lower trendline of the ascending channel, bounced into resistance and retraced as normal. Though after retracement we held a higher low, and over the past few days MASK has managed to make it back up to the 4hr FVG. I’m my opinion This is the do or die moment, as the structure formed on the 1 day chart looks quite bearish.
Mask has two scenarios I See:
A.]Push through the 4hr FVG, find rejection around the daily FVG, retrace, holder higher low and seek bullish continuation.
OR
B]Reject here, create a double top which will likely cause a break down from the rising channel which will get us toward the $2 level.
Mask has two scenarios I See:
A.]Push through the 4hr FVG, find rejection around the daily FVG, retrace, holder higher low and seek bullish continuation.
OR
B]Reject here, create a double top which will likely cause a break down from the rising channel which will get us toward the $2 level.
