I originally started by trying to relate a fundamental style analysis within the technical charting analysis. I charted the 6-8 month season for gun sales and compared 2015 to 2016 by actually drawing over price action , copying in and placing it over the 2016 season to see any correlation. This actually worked out surprisingly similar as you can see by the chart. Whether this means anything to the rest of the analysis, I do not know.
I see a (Red) with market price sitting right on the . We see price being held by the , hopefully meaning this will continue to hold. If price falls, considering the significance of this level, it could fall to the next at 56 or 49.
I have two Moving Averages , where the 250 (Purple) is helping show it's significance on holding it's level. This level converges great with the channel support, as well as finding the . level (Blue).
The (orange) boxes identify the consolidation range between both season's, correlating the similar, almost identical, range.