Approximately a 7 year uptrend in Kellogg, in the form of an Ascending Wedge. Short term Descending Channel to the bottom of the Ascending Wedge. Immediate entry at touch of upper trend line of Descending Channel, exit at touch of bottom trend line of Ascending Wedge. Most likely K will trade sideways in the triangle shown for the immediate future. K will probably not breakout (blue) or breakdown (red) until the broader market decides on its direction one way or the other. If price breaks down through the bottom trend line of the Ascending Wedge then it will most likely stall at the secondary trendline in red and eventually reach the bottom of the Long Term Ascending Channel, this will offer a better risk:reward than a breakout to the upper trend line of the Long Term Ascending Channel. K will most likely offer multiple range trades within this Descending Channel over the next 3-12 months, buy the bottom of the channel and sell the top of the channel, until price breaks out or breaks down. With stops equal to about half of the channel width.