in a potential base line channel breakout...considered the 3 wave impulse advance. We should see a 5 wave motive wave structure to complete the higher degree motive move. a correction back to the channel top is considered the 4 wave correction move and presents another buying opportunity. Will it develop. we are going to have to wait and see. Theres other studies we look at. RSI. Stochastic and candle stick patterns we look at before entering a trade..But this is the foundation of my potential trading opportunities