longbwk

longbwk

Although the first two channels are not as clean as this third one, three drives down in price that mostly remained in channel are worth noting. The interesting thing is that the slope of the channels has decreased on each drive down. This is indicative of bears losing steam. Also, looks like the top of the current channel should line up with about $6,000 on...

longbwk

Downward Channel, could not touch the bottom of the channel with last week's capitulation spike. Sideways movement between 6300 to 6600 would have top of channel tested by June 23rd...