AMD: Going long. I have a ?? for you. Please see below.

This chart looks promising to me. I've drawn 2 channels. The blue one is based on the (3) and the black on the "B" level. Notice the mid line on the blue channel appears to act as a support/resistance line at multiple sites (marked with rectangles). I would think that would add validity to the channel.?? Have any of you read this or believe this is true?? Would appreciate feedback. Thanks.
Process your way
Have a great weekend.