The price moves up the uplink. Now we see that the market is close to a possible reversal zone formed by the upper boundary of the price channel and the 265.00 resistance level. Probably, we will see how the price turn from this zone with the subsequent short-term downward movement. Since we have a confirmed uptrend, we need to look for the initial levels to buy. Zones of possible trades, where the price can be canceled after the downward movement, are in the middle and the trend line of the rising channel. If the market falls into one of these zones, we should be ready to buy based on the reversal signal. Stop orders must be placed below the local minimum. The profit target should be on the upper border of the price channel and the resistance zone. Do not forget that all reversal signals must be confirmed by RSI reversals.
