If we break above that hourly channel, that's gonna be a massive breakout. If this is a genuine trending move, this is what we should expect. Typically wave 3 of 3 starts from these kind of setups. The daily CCI is still comfortably high above 100.
On the other hand, if we are in a range bound enviroment, what better chance to short, right at the top of the channel ?I don't know at this point which one's true. So will wait for the market to answer.
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