When you look at the D1, you realize that the market was in a trending bullish market however it broke the trendline around the "2195" price area however it never broke the previous low, which formed a strong support which repeatedly pushes price to the resistance on the upside where it gets rejected repeatedly creating a parallel channel. However the market has maintained the bullish trend, and is expected to continue with an breakout to the upside. "THE TREND IS YOUR FRIEND"
https://www.tradingview.com/chart/zTJU9gLL/
https://www.tradingview.com/chart/zTJU9gLL/