What do you guys think about this trend channel? Is the history repeating itself again?
Yes, I agree. Interesting bar count Top to Top. Did you know that if you get the average of both bar counts ( 469 + 463 ) / 2 = 466 Bars, which is a Double Fibonacci 233 count! ( ie. 89 + 144 ). As far as chart pattern, yes this megaphone pattern is significant as we are at the extreme of the pattern. We also have this same pattern forming on the daily, time will tell if put in an all time spike top around end 31 Oct to mid Nov, we will have to wait and see. I have added my chart workup on the daily.