Based on my last post on 27 Oct , price were on an accelerated retracement back to lower channel. It pierced through and break down of the channel making it look like more downside to come, and within the accelerated downtrend, price got rejected again by underside of channel resistance (to trap bears). This instance coincided with SPX megaphone broke up (to trap bulls). Hence both bulls and bears were trapped with two different indices!
Since i trusted channel so much, i though if channel is valid price will be sucked back into the channel.
And indeed, when the 2nd gap started and break into the channel, my long was triggered.
Exited 90% of my long, left 10% for probably another kiss good bye for upper channel resistance