Can see we have a channel, in which the first middle section has formed, therefore for this to complete it needs to reach back to the top of the channel, and as we have broken a prior high we are now coming back to retest before continuing higher.
The outer larger channel is indicating a bullish run, TP1 is for reference but I plan to hold this for a while and hopefully even break the outer channel. Minimum aiming for the top of trend line at tp2 and reassess how it moves
The outer larger channel is indicating a bullish run, TP1 is for reference but I plan to hold this for a while and hopefully even break the outer channel. Minimum aiming for the top of trend line at tp2 and reassess how it moves
Commentaire:
spotted an outer channel, therefore tp2 is realistic as first tp, where we could even get back in on a sell. see comment section for pic