Upward / Downward Channel Meet

2022年2月4日

Consolidation period hanging on the 1.50 resistance meeting with the previous trend line from the previous lows trend line. This will eventually meet the downward channel line in the coming weeks for a breakout. It is looking like the upward channel has more momentum from repeated touches away from resistance and the downward channel will eventually be broken.

2022年2月6日

交易开始

Channel boundary is consolidating upward as predicted, preparing to break the downward channel in the next coming weeks.

2022年2月7日

交易开始

Broke lower ceiling channel as predicted, let's see EOW pattern for new bottom out of previous consolidation period.

2022年2月10日

注释

If continues to stay above the downward channel, this will become a good indicator for a new floor.