How To Read Channels

....4th time is the charm ?

 

30min rth

 

... spx ... daily .... channel....

 

... this is the 4th time

 

Jack,
Friday's close (and today's pre-market) confirms a new point 3 (long) on May 27, correct?

Could you run through how the channel you described above panned out ?
e.g. when you knew it was over (FTT), did the channel's sequences complete, when you'd know long was resuming etc.

 

30m rth
i don't have a new channel yet

 

...possible new friggin 30min rth channel....

..... bull market.... long on monday .... pull back mid week.....
..... back to up thurs, frid.....

 

... nice failure at center line....

 

...remains to be seen whether it will break out or not...

 

...