We touched the top of the red channel 'beautifully' on Friday nights session, we then rejected it and headed towards the bottom of the channel. We have since broken the channel and came back to 'touch' the bottom of the channel, this has also been rejected and now it looks as if we are headed to the bottom of the 'black channel'.
I'm not 100% sure when we will hit the bottom of the black channel and what will happen when we get there, but i am confident that we will hit that bottom in the very near short-term.
-also remember we are still in the upward channel but i am confident this will be broken to the downside.
safe trading
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