As we can see this multi year net of parallel channells keeps working nicely so far.
Every upper channel is shallower as market bull runs are shorter and less parabolic.
We hitted floor down and this has to hold as a bottom with potential run towards next, more shallow, upper bands of channells.
If this wont hold that would mean we will have much more of the downside, potentialy to next floor down around 10 k what would also match with the downside band of the huge falling wedge .
Every upper channel is shallower as market bull runs are shorter and less parabolic.
We hitted floor down and this has to hold as a bottom with potential run towards next, more shallow, upper bands of channells.
If this wont hold that would mean we will have much more of the downside, potentialy to next floor down around 10 k what would also match with the downside band of the huge falling wedge .