The yellow, green and red channels are equidistant or having the same price frequencies. This is defined by using a sliding parallels to capture price frequency when it protrudes out of the and failed to reach the Upper Parallel(U-MLH) of the upsloping .
Price will be attracted towards the show by the red arrow heading towards the ML as circled.
We can expect strong market correction next week as it heads towards the . A strong possible down thrust towards the Lower Paralle(L-MLH) is highly probable.
If you are holding any LONG positions, be alert for a major market correction or profit taking this week.
Get ready to short once it is near the ML with the right market action.