Hello guys
After a climb Sharp formed a descending channel and is now close to the channel ceiling
But does it have the power to break this channel?
Until the downtrend line is not broken, it can not be said with certainty that the climb will continue because we have witnessed strong reactions to the trend line and it has a high credibility and it will not be broken easily and with a new attempt. Let's wait for failure.
For those who do not trade short-term, it is better to wait for the trend line to break and stabilize.
After a climb Sharp formed a descending channel and is now close to the channel ceiling
But does it have the power to break this channel?
Until the downtrend line is not broken, it can not be said with certainty that the climb will continue because we have witnessed strong reactions to the trend line and it has a high credibility and it will not be broken easily and with a new attempt. Let's wait for failure.
For those who do not trade short-term, it is better to wait for the trend line to break and stabilize.
