[IMAGE: https://files.peakd.com/file/peakd-hive/pogier/23wqgGvYaSzgDAbqZSFypepMmoNmPywemykBqVm2Y5LtWktMzamWdJsqXVzWTwQumiPtb.png]

As it's a Sunday, I didn't trade much today. I did however check out the chart as a way to prepare for the week ahead.

[IMAGE: https://files.peakd.com/file/peakd-hive/pogier/23uRLAsfJJyz5n2sx3wACffHCEm67tfpyRdazUwdCx2qv56bPUdJuCZWa2NASnh3c6g15.png]

This is what it looks like to me. Essentially It's creating an upward channel, so as long as it doesn't go below 21700, we might actually see a solid rally upward.

What does this mean?

Basically, the probability of success for long trades is higher during this kind of market environment. I will still be playing in the lower TFs and completely defensive in my plays for the week.

Watchlist?

None yet since everything I looked at seems to be on the uncertain area.

Credits

• Charts taken from Tradingview.com
• Images created using Canva.com