M
is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65 -Falling Wedge breakout and retest wedge-line as support
-Bottom of channel bounce with strong green candles
-Buying volume vastly outweighs selling volume from trend
-RSI showing momentum with plenty of room to run
Good idea to wait for a confirmation hold above 16 old support for entry