....and one more thing: yesterday I shared these 2 channels!
And as some of you remember: I marked point A as "first bearish signal"... That played out nicely!
Now, you can see that point B is actually a breakout from RED channel...
The scenario in my head: I think price will eventually break out from BLACK channel too, but starting from Monday we first will see a drop to the lower edge of BLACK channel. Then we will see a rally all the way back up to retest lower edge of RED channel and then back down full speed to parity again..
Time will tell!
And as some of you remember: I marked point A as "first bearish signal"... That played out nicely!
Now, you can see that point B is actually a breakout from RED channel...
The scenario in my head: I think price will eventually break out from BLACK channel too, but starting from Monday we first will see a drop to the lower edge of BLACK channel. Then we will see a rally all the way back up to retest lower edge of RED channel and then back down full speed to parity again..
Time will tell!
Focus only on what truly matters!
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