Could use 11/3 high as a short term B point that would put a measured move back near the high end of this channel.
The 200d has finally flatlined, although short term MA's are all pointing down. Some sideways action between 18 & 22 would be great to see the MA's start to curl before ultimately breaking out of this channel and going stage two.
With the EPS gap up this morning, a large island reversal has formed at the bottom of this weekly base. The real move starts above 50, but risk is pretty easy to identify as placing stops either underneath the the flat lined 200d or under the 20/50d sma's