Happy channel for you!

As we can see, in the past the price couldn't break the coming resistance.

So we have two scenarios.

Scenario one: Price raises to the resistance, touches, and falls back, all the way to 5.80

Scenario two: resistance breaks, and we have the setup for a breakout. If that happens I will wait for a confirmation to be sure not to run into a trap.

Happy trading to you!

Komen:

All according to prediction

Komen:

Price tested resistance, aaaand boom. PROFITS!

nice one!