k.i.s.s! trading within channel and hitting fibs perfectly

established a new channel that has historically been support on 50 ema, now it's become resistance. I believe we are likely to break this channel to the downside (bottom unknown) but once it finds bottom, we very likely rally to ath. keep it simple!! we are doing financial astrology after all, so pick your flavor. IMO, just follow the s&r + emas, and you'll be fine :)

Trade closed: target reached:

box was off by a smidge, but on target as expected. now, watch channel for break or bounce. if not catalyst for a break (fed, interest rate, covid, etc.) then I believe this bounces back to ATH (timeframe unknown.) if it breaks the channel I believe it dips down to $440 land depending on severity of catalyst.