🔥 BEL Bullish Reversal From Channel Support

BEL is trading within this bullish channel for almost 5 weeks now. Every time the bottom channel support has been hit, BEL has made a new strong move upward. This trade is based on that exact idea.

On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!