It can be seen on this chart that the moving averages (especially the 50 and 100MA (death-crosses) more evident) are following repeating moves while the 200MA moves steadily higher We can use this information to predict the price action within the channel placed I expect a small move upwards to the top of the channel and then rejection back to the bottom of the channel Diagonal lines can be drawn to display this repeating action
If a repeat does not occur and a move upwards above the channel occurs, price may breakout a lot higher.