Pink channel indicates the low following the breakdown and the point of breakdown. The red line is the broken trendline, and the green line is the new trendline. Yellow is all-time high, which may never be seen again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.