Alikze »» STX | Ascending channel
2024-07-16

🔍 Technical analysis:  Ascending channel 

- It is moving in an upward channel in the weekly and daily time frames.

- Within the ascending channel after a moving cycle, it has so far had good reactions to the tops and bottoms.

- In the short term, it has been moving in a descending channel, which is recorded in the golden zone of a reversal candle.

💎 Therefore, it can grow after the break of the descending channel, after the touch of the 2.42 range in the middle of the channel, after the pullback to the broken structure, the continuation of the upward path to the specified areas and then to the ceiling of the channel.

💎  In addition, if the golden zone and the bottom of the ascending channel are broken, the continuation of the ascending scenario will be invalid and should be reviewed and updated. 
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