I wanted to offer an alternate path for future price movement. The upper channel line is key, and when price decides to go above it, then we can start to look at the correction being complete...until then, price is still correcting.
I've studied channels and price for many years, and in my experience, price will almost always find the median line before exiting the channel, so it's a relatively safe bet here that it will do the same, but there are no guarantees!
Good Luck!
I've studied channels and price for many years, and in my experience, price will almost always find the median line before exiting the channel, so it's a relatively safe bet here that it will do the same, but there are no guarantees!
Good Luck!