What should we do with this pricing vector? It's almost a perfect parallel price channel. Should we buy this support?
Are we going to see a rebound at this support level?
![What should we do with this pricing vector? It's almost a perfect parallel price channel. Should we buy this support?](https://ussnsimg.moomoo.com/sns_client_feed/70107943/20240413/1712944583681-random4457-70107943-android-org.jpeg/big?area=100&is_public=true)
The price must climb above yesterdays lows and above this downward price channel on the very small timeframes before any rebound can possibly be confirmed.
![What should we do with this pricing vector? It's almost a perfect parallel price channel. Should we buy this support?](https://ussnsimg.moomoo.com/sns_client_feed/70107943/20240413/9bd659de48cb4fc18059b39378b323b6.jpg/big?area=100&is_public=true)
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71351613 : that's how breakout traps are set, and I wouldn't trade on a![calling 📲](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4f2.png)
Earning Lunch Money : Hopefully next week able to rebound abit
SpyderCall OP 71351613 : the market is definitely turning a bit bearish over the past few weeks. But for a day trader like me, you could always play the tiny swings on the intraday candles. Obviously the breakout didnt happen. No harm no foul.
SpyderCall OP 71351613 : and technically it would be a potential rebound rather than a breakout. Less risk involved that way. Or cheaper premiums.
SpyderCall OP 71351613 : Well, would you look at that. We are seeing a rebound off of that support line that I highlighted. Remember, not a breakout, but a rebound. So, this was not a breakout trap. It's just a predictable rebound.
SpyderCall OP 71351613 : By the way, I am a swing trader, so this would have been a perfect little swing trade