Forming Higher high and Higher Lows on a hourly chart.
Each time it has come near the bottom of the channel it has moved up from there. It did breakout but couldnt sustain and we are again back to the bottom of the channel.
Till the channel bottom is respected we can expect another trip to the channel top. RSI has also cooled of considerably,
Each time it has come near the bottom of the channel it has moved up from there. It did breakout but couldnt sustain and we are again back to the bottom of the channel.
Till the channel bottom is respected we can expect another trip to the channel top. RSI has also cooled of considerably,