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BLPH GOING TO TEST THE UPPER TRENDLINE?

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BLPH is in a strong downtrend, bouncing between 2 main downward trendlines. Bullish divergence on 4h chart and potential breakout of the low degree channel. Look to the price action for a potential wave up to test the upper trendline. A strong breakdown on the smaller channel invalidates this setup.
cantestogo
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BLPH

Penafian

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BLPH
cantestogo
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Penafian

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.