$22.7k Key Zone / Weekly View
1)
Parallel channel in BLUE drawn from '17 & '21 Tops
Price going above the bottom of channel has resulted in Macro Reversals so far
2)
Green Channels drawn for '21-'22 tops & bottoms of rally - BUT the channels had been drawn with priority to middle of channel acting as a major S/R level
3)
Price breaking through 22.7k should take it:
Above '22 down trend line
Recent S/R zone
and fully inside Green Channel
A shift back below BLUE would be concerning
Parallel channel in BLUE drawn from '17 & '21 Tops
Price going above the bottom of channel has resulted in Macro Reversals so far
2)
Green Channels drawn for '21-'22 tops & bottoms of rally - BUT the channels had been drawn with priority to middle of channel acting as a major S/R level
3)
Price breaking through 22.7k should take it:
Above '22 down trend line
Recent S/R zone
and fully inside Green Channel
A shift back below BLUE would be concerning
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