My take on the wykoff setup using repeating parallel channels
Spring and Test complete
SOS $5.92
LPS $3.60 to $4.00
As always with OMG very rapid price movements in a tight parallel near vertical channels
1st target (wave 1) $12.00 retrace to $6.00 (wave 2)
2nd target (wave 3)$17.00 retrace cannot pass below peak of 1st target of $12 (wave 4)
3rd target (wave 5)...