channel hold or break?

Atualizado
market pretend to be risk off but actually i think will hold support trend line and break resistances(red line) above, breaking support (green line) considered to be EM sell off
Nota
oil stock price and EM stock price are in totally inverse correlation which have seen before in last 10 years, normally they correlated, and i think the divergence will continue.
Nota
*haven't

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