Trading within a very narrow downtrend channel with unusually low volatility (something like not a real Bitcoin sort of compared to current stock volatility). Anyway, do not get fooled as we may stay within that tiny range for longer until…
We are looking for the range to expand soon. Our favorite scenario (violet arrows): market will look for stops below 6400/6350 with strong rejection to the upside.
In case we do not see this rejection, the 6000/5800 range might be the next stop (red arrows).
Should you have any questions feel free to contact us anytime.
Good luck Champs!
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