AB=CD completes right at the top of the channel.
Possible short with a stop above the 1.618 extension of the prior swing and a target at the top / breakout-point of that swing. R/R is 3:1 but be carefull it is countertrend against a strong move.
Possible short with a stop above the 1.618 extension of the prior swing and a target at the top / breakout-point of that swing. R/R is 3:1 but be carefull it is countertrend against a strong move.