I had drawn a rising wedge pattern a few weeks back. Then it broke higher than the wedge and pulled back in. I' asking for feedback from the community as to what we have now. Is it a wedge or channel. and if it's a channel, was that break above the wedge and pullback enough to change the picture?
I forget to post, I went long on 1/2 @ $62 and have a stop at $60. My 1st target is only $64 so 1/1 risk/reward. However, I think this will continue to follow this nice channel for awhile.