White and Blue Lines: The white line is the primary forecasted price action, while the blue line represents the secondary price action if the white line fails to hold.
Trade Plan: If the daily close falls below the channel, I plan to enter a short position with a price target of $252. Once the rebound phase begins, I will purchase call options expiring in July with strike prices between $320-330 (near the all-time high) based on a price target of $353 by July 4th.