Channel 1: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
Channel 2: > Lasted ~2 months and ended with bullish push. (1 Day Timeframe)
Channel 3: > Lasted ~1 month and ended with bullish push. (1 Day Timeframe) > Important channel, created support/resistance for channel 5.
Channel 4: > Lasted ~1 month and ended with bearish pull. (1 Day Timeframe) > Two price rejections, indicated by yellow circles. > Two mini channels: >> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe) >> 2nd mini channel ended with bearish pull. (2 Hour Timeframe)
Channel 5: > Will last ~2 months. (1 Day Timeframe) > Two mini channels: >> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe) >> 2nd mini channel just started with huge impulse. (2 Hour Timeframe) >>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe)
Support/Resistance 1: $895 Support/Resistance 2: $686 White lines: 1 Day timeframe Yellow lines: 1 Hour timeframe Yellow Circles: Rejection
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