Question for Grob/Hershey

Channel still holding. Could have shorted but I didnt. Just wasnt sure and when I have any doubts I pass.

 

indu is at support, but when these areas gonna hold or not i still haven´t figured out...

 

I would be suprized if anything significant happens now.. The A team is probably taking off at lunch time leaving the B team in charge of the pits. I expect volume to dry up and stay there. But of course you never know.

 

Jumping the gun a bit here but would not be suprized if this is the new channel.

edit: I now see that I was actually late drawing that channel. Ill use the excuse that I was fixing something to eat.

 

Updated. I feel like the Lone Ranger out here. Am I the only one who hasnt started the weekend yet?

 

Been busy on the job... Makes HOLDING easier!

Thru Bar 41...

"\/\/"AK!

 

2 reasons.
1. Decreasing Volume. (RETRACE)
2. 3 points create a channel, you only had the traverse (pt1 & pt2).

Advanced.
Reverse at the end of traverse, reverse at the end of the Retrace, Repeat...

 

15 minute chart. DU

 

to bar 49 ...

 

Yawn....Look at that volume. Bout what I expected. I think things will start getting interesting Tuesday.