Powerful Monthly Channel | Clean Price Structure Across

916
📉 Description:
-This is a classic example of a broadening falling channel on the Monthly Time Frame (MTF), where the counter-trendline (CT) has just been taken out by a strong bullish candle. Volume confirms the strength

📌What makes this setup particularly interesting:

-MTF structure: Despite a series of lower lows on the monthly, it has respected the broad structure of the falling channel throughout.
-WTF/DTF structure: Weekly and Daily timeframes are making higher lows (HLs),
-Price behavior: Clean reaction to the trendline and no choppiness around breakout — this reflects a well-absorbed selling zone

⚠️ This is not a forecast, not a call or tip — just me charting what I see. Drop any doubts in the comments.

Penafian

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