looking at the price action, seems that the top of the big upper channel was already touched on May 10th :).
if the price won't go sideways for a long time, touching the bottom of the channel in the next weeks will give us 8% from here.
remember: it is just a possibility; this means that the price can also rally to new highs with no correction for a long time from now.
how did I draw the channels? I copied the lower parallel channel, with the PA before March 2020, and put it above( not rocket science).
if the price won't go sideways for a long time, touching the bottom of the channel in the next weeks will give us 8% from here.
remember: it is just a possibility; this means that the price can also rally to new highs with no correction for a long time from now.
how did I draw the channels? I copied the lower parallel channel, with the PA before March 2020, and put it above( not rocket science).