🔥 ROSE Bullish Channel: Reversal Likely
Recently I made an analysis on ROSE. I argued that ROSE was trading inside a bullish channel and that it was likely to follow this pattern in the near future.
The first dynamic support in the previous analysis didn't hold, as the price broke right through it. Now, all eyes are on the channel's support at the bottom. This trend line goes on for much longer and is therefore a stronger support area.
In case we get a strong bullish candle in the coming few days, I'm expecting the reversal to kick in and ROSE to move towards the resistance area marked on the chart.
Happy trading!
The first dynamic support in the previous analysis didn't hold, as the price broke right through it. Now, all eyes are on the channel's support at the bottom. This trend line goes on for much longer and is therefore a stronger support area.
In case we get a strong bullish candle in the coming few days, I'm expecting the reversal to kick in and ROSE to move towards the resistance area marked on the chart.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
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