Trip: ⬆️ Buy
– Trip broke daily down channel
– Likely to rise to resistance level 14.50
Trip recently broke the resistance trendline of the daily down channel from the start of May (inside which the price has been falling in the last few weeks).
The breakout of this down channel accelerated the active short-term corrective wave (ii) – which is part of the downward impulse wave C from last month.
Trip can be expected to rise to the next resistance level 14.50 (which reversed the previous waves ii and (2) at the start of June).
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