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KnowledgeIsGrowth
Aug 10, 2020 9:35 PM

$BKH. Triple double : strong resistance line channel Short

Black Hills CorporationNYSE

Description

This is my take on a triple top resistance and a double top. On a daily chart outlining Two distinct areas of resistance that when drawn create a resistance channel giving you a clear range of trade. The double top resistance must chart below the triple top resistance. So this tells us two things one: is that there are very strong levels of resistance above and if price were to break above one we have a clear resistance target and a clear support because double top resistance becomes support and two: shows us next level we need to see price above and a possible channel we could see price trade within it above first resistance.
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