Continuation of Trading Channel

١٨ يناير ٢٠٢٢

Update on Wyckoff Trading channel that I've been publishing for a while now. There looks to be at least a couple of other channels based on resistance and support lines and have those indicated on the chart. Today's price action bounced off one of the channels. Large down moves continue on higher volume which to me indicates a bearish bias to the current distribution pattern.