In the previous idea we defined the breakout from the wedge
as a trigger for going long. It worked out nicely pulling the price from 71xx to 7560: Now that the price reached the channel resistance, we wonder if the bottom was indeed formed. To confirm this I would like to see the break of the channel (7670 area). This setup is very similar to early April days. The price surge is identical, and the break of the trendline resistance confirmed the bull at that time.