Interesting sideways channel on larger upward channel pattern

At this moment, we can't really determine, based on how CARA played out this morning, whether or not the market will continue along the larger channel or degenerate below 6$ price range, playing out a new trading topology. For now, we will stay conservative, keep the 3% price movement winnings from this morning in our pockets and wait until the smaller channel breaks high or low for further confirmation of continued pattern action.