long squeeze creates bull channel

stops were triggered at 2850 creating a scam wick which identifies the new channel

Trade active

target generally reached, took profit and went short at 291.58. next target is bottom of the channel, roughly 288.

Note

but if we don't sexily touch the top of the channel, i'll take small profit on this short and re-long somewhere in the middle of the channel, the extra time spent will push the high target up to 294.

Note

Note

May 10 target is 2950. This will form a double top and cause all the noobs to panic, but infact it will just touch the bottom of the bull channel and then test 3k.

RantingPatriarch

Related publications

A rejection of 2850 results in this

by RantingPatriarch

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