Hello friends. This is my interpretation of the current price action and in a humble opinion of course. Channels work, don't move them. Illusions work, don't ignore them. Have a nice day.
Note
what.are.cycles.Note
there's the agitation around the border, but what are cycles?Note
shockingly: i don't know what cycles are, will have to study and find out, sorry guys, i was sure i knew beforeNote
wild assumption: one channel = one cycle and from here this thought dissolves itself imho
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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.