Uchf is making a tight candlestick channel made up of diagonal after diagonal. It will go up. It is at the 800 Ma on the daily. However the 200 on the weekly is lining up with that fib level below and in this scenario I prefer to see it break out the bottom of the channel. The last wave diagonal it is in can do one more overlap and down. Rather than trying to explain I will just do a quick live stream on my channel. See link below.
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I forgot to mention in the video that it was right below the 38% of a possible wave 3, so there can be a 5th wave. Possible. It just shot up. I am in from bottom. I was just saying I would like to see it break out of the bottom of channel for a tight entry. It doesn't have to, but I suggest just watching the video if you are trading it. It is short and should be helpful.