stops were triggered at 2850 creating a scam wick which identifies the new channel
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target generally reached, took profit and went short at 291.58. next target is bottom of the channel, roughly 288.
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but if we don't sexily touch the top of the channel, i'll take small profit on this short and re-long somewhere in the middle of the channel, the extra time spent will push the high target up to 294.
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May 10 target is 2950. This will form a double top and cause all the noobs to panic, but infact it will just touch the bottom of the bull channel and then test 3k.
@colesy, ok this line with the big arrow was the support
The attempt to break the support set off a bunch of stops creating the dip to 2820, the rebound shows us the new bull channel. You can also checkout the step by step history of this analysis here