$VRA on the 4H is still inside the descending channel. That breakout? Hasn’t happened yet. $VRA got a strong bounce off the channel bottom — clean move — but it's now pressing right into the upper resistance.
If $VRA gets a 4H close above this trendline and holds the retest, then we talk longs. Till then, it’s just another bounce inside a bearish structure. Wait for the break out.
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#VRA LTF Analysis:
$VRA on the 4H is still inside the descending channel. That breakout? Hasn’t happened yet. $VRA got a strong bounce off the channel bottom — clean move — but it's now pressing right into the upper resistance.
If $VRA gets a 4H close above this trendline and holds the retest, then we talk longs. Till then, it’s just another bounce inside a bearish structure. Wait for the break out.