Price did gap cross over from yellow channel to green channel and played within the green boundaries.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.