Back in November we had an upthrust breakout above the current upward channel, but it proved to be a false breakout and now we're trading back within the channel boundaries. This false breakout is only telling us that at one point we had some eager buyers who for whatever reason wanted to be in this bullish move and usually that's how a trend move starts. And even thought we retraced back inside the channel that's a good sign as we don't want the market to move in a straight line as those usuall…
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