The channels were based on highs & lows of pennant
(red triangle), the March high and May low. Interesting how price has acted around the channel lines both before and after the pennant
. Uptrend channel
was cloned and price is now at clone's lower line, with dojis indicating indecision. Looks like an opportunity for a good risk/reward long trade with, say, UUP
, risked to just below last swing low.