Price has been in a tight channel since June.
Looking for a break from the channel, meanwhile trading the channel rejects and bounces.
After the break from the yellow channel, looking at the pitchfork channel for reject/support and from where break could be a significant signal of change in the price action.
Looking back how this uptrend has gone it looks like it could stay in this channel for a long long time.
Break might happen next week, next year, or maybe year after that.
Lot's of places to keep an eye on when the price breaks the channel(s).
Long time supports and Fib levels in general and Pivots on shorter time frames.
Another interesting thing to note is that the price and 100SMA (dotted line) have been parallel since the drop.
Doesn't the pattern look like a flag...
Looking for a break from the channel, meanwhile trading the channel rejects and bounces.
After the break from the yellow channel, looking at the pitchfork channel for reject/support and from where break could be a significant signal of change in the price action.
Looking back how this uptrend has gone it looks like it could stay in this channel for a long long time.
Break might happen next week, next year, or maybe year after that.
Lot's of places to keep an eye on when the price breaks the channel(s).
Long time supports and Fib levels in general and Pivots on shorter time frames.
Another interesting thing to note is that the price and 100SMA (dotted line) have been parallel since the drop.
Doesn't the pattern look like a flag...
