I would like to share my thought about our current stage, as things seems to go wrong.
1) So far, the long term view has not been damaged. That means, I still see a new up leg. The base, that means the consolidation, has taken more that I thought. So It went out of the two parallel lines of the channel. So as it is said: the larger the base, the larger the move.
2) We are at a critical juncture. Historically, these lines have been good supports, even in the previous bull market (2000-...) So I'm confident that they will remain as supports.
3) Correction should have ended today. Although i don't have confirmation until tomorrow. I am not selling. I don't expect more falling. A new 4-5 days move up should start tomorrow and some gaps up (if not all) should be filled
4) During the previous consolidation, we also have a day under the line.
5) That's my point, and I don´t want nobody to suffer if I´m wrong, so please be care always. I've wrong in the pass and I will be wrong again, hope not this time.