By Claus Andersen
24. February 2019
15 min chart:
Friday last week price made a bull spike. This week price then moved into a bull channel in the upper half of the major bull channel. Another way to see it is as a trending trading range price action. The only intraday breakouts was Wednesday and a small BO on Friday. Mostly price traded sideways. That is another reason why I keep saying, that the most important thing to learn In price action is context. Price has gone up this week, but there has also been money to be made on the sell side.
Support and resistance levels has been adjusted.
Have a nice trading week.