Picture perfect bull might be a bullet

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I'm the type of guy that likes to keep it simple, be patient, and let the chart come to me. I find it always gives the answers EVENTUALLY. In this case, have you ever seen anything scream liftoff as loudly? Here we have two bullish channels overlapping. After a failed breakout of the pink channel in Aug, 2024 price action went on to move way back down and to a slightly more sideways/down direction forming the bottom trend line of the blue channel, before finally breaking out cleanly. After a quick retest of the pink channel there was a strong move up, hitting the top of the blue channel again. We then see a downward trend that delineates the pennant formation in black which took price way back down below the bottom blue trend line to retest the pink channel once again, at which point it begins to put in a bottom. Price moved straight sideways on a hard floor until it made a stealth breakout of the black pennant. I see this setup as rocket fuelled and ready to go looking at how far down below the blue channel it had to go to retest the pink line for the second time. With such a dynamic setup, this looks like an opportunity of a lifetime. I think an upside price between 60 and 70 is very reasonable. Maybe even conservative!

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