ACC will show show some downwards and then upwards movement

14 Mar 2021

ACC is in the upward channel in the weekly timeframe, it has already bounced back from the bottom of the channel in the daily timeframe. Now in the smaller timeframe, it is showing consolidation, which can start to break at any time. It looks like it may come down one Fibonacci level down and then will renounce. The reason why it may come down a bit is it needs to touch the bottom of the consolidation channel.