Channel 1:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
Channel 2:
> Lasted ~2 months and ended with bullish push. (1 Day Timeframe)
Channel 3:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
> Important channel, created support/resistance for channel 5.
Channel 4:
> Lasted ~1 month and ended with bearish pull. (1 Day Timeframe)
> Two price rejections, indicated by yellow circles.
> Two mini channels:
>> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe)
>> 2nd mini channel ended with bearish pull. (2 Hour Timeframe)
Channel 5:
> Will last ~2 months. (1 Day Timeframe)
> Two mini channels:
>> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe)
>> 2nd mini channel just started with huge impulse. (2 Hour Timeframe)
>>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe)
Support/Resistance 1: $895
Support/Resistance 2: $686
White lines: 1 Day timeframe
Yellow lines: 1 Hour timeframe
Yellow Circles: Rejection
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
Channel 2:
> Lasted ~2 months and ended with bullish push. (1 Day Timeframe)
Channel 3:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
> Important channel, created support/resistance for channel 5.
Channel 4:
> Lasted ~1 month and ended with bearish pull. (1 Day Timeframe)
> Two price rejections, indicated by yellow circles.
> Two mini channels:
>> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe)
>> 2nd mini channel ended with bearish pull. (2 Hour Timeframe)
Channel 5:
> Will last ~2 months. (1 Day Timeframe)
> Two mini channels:
>> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe)
>> 2nd mini channel just started with huge impulse. (2 Hour Timeframe)
>>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe)
Support/Resistance 1: $895
Support/Resistance 2: $686
White lines: 1 Day timeframe
Yellow lines: 1 Hour timeframe
Yellow Circles: Rejection