I don't think the market will set a new high any time soon, so there must be a down channel. The market has been making clean channels on the way down.
Anyways, my best guess in purple. The next Fed meeting takes the market down again.
Anyways, my best guess in purple. The next Fed meeting takes the market down again.
Comment:
The channel explains why that open gap didn't fill right away, and you can tell the algos are in full control by how clean the channel is, perfectly parallel.