Darc, you need to call the crisis hotline. Hanging out with these weirdos (Padu and scat) definitely screwed up your already messed up head.
Let's break this down into real time. Where are the support/resistance lines going? Where is the support line going? This is probably the earliest you could identify the parameters of the channel. So traders pile on thinking to short the top lol Just to get stopped out for a loss lol.
You've been added to the list of people who just can't quite see the Genius of ET's resident Geniuses.
Has any of your guru friends actually posted any trades, let alone REAL TIME trades? I didn't think so. https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-1136
He's talking about the horizontal Resistance level, the yellow line. The blue Trend and Channel lines have you confused.
Same problem. It is completely arbitrary. You could have placed it at each level here and each time it either failed to hold or failed to retest.