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So the first setup didn't play out, but I think this still has legs because my 3 bounce rule is still in just about in effect. I'm predicting a breakout up to the 1.618 after the next bottom channel bounce. Better to wait for confirmation after the upper channel line is broken.
Perhaps a bit premature still, but this setup has been cropping up a lot for me. 3 bounces off each channel, with the last one breaking out towards the 1.618 retracement of the final leg.
Aiming at the 1.618 retracement of 3rd channel bounce.
As per description. I've been noticing the triple bounce wedge patterns a lot recently, with target price around the 1.618 retracement. Here's an early shout just for giggles.