QBE displaying a nicely defined downward trend channel. Usually actively traded stonks of large outstanding issue display these characteristics which is the case with QBE.
A have entry orders placed at $9.65, which will indicate a breakout from the descending channel with stop loss orders at $9.00. If the breakout does not eventuate we might see a continuation of the downward trend lines.
Go easy on me, I am still learning TA. If you have any comments or things I missed, pleased let me know.
When on daily chart, need to be a bit more precise with line touches. The higher timeframe, the more powerful the candles. QBE actually breaking out of a Symmetrical Triangle at the moment.