Crash called it, page-211

Crashman, I think the "trick" you use is to change your chart lines to suit your argument, which is nothing more than a display of confirmation bias. Your previous charts were based on a channel which was pinned to 2 anchor points defining the downtrend (copy of your previous chart below, with my comment):



Now suddenly because price has broken that channel you deem that channel as invalid because its only anchored to 2 points - yet until now you based your entire TA argument on that channel. By your own comments about "quality" trendlines above it seems you are making an admission about the quality of your previous charts. You can't have it both ways.

Price has clearly broken that channel. Either its a false break in which case we'll see it fall back next week, or the break is confirmed with a back-test or continued higher prices. But don't try and feed us some BS about a new high quality down trendline, just because it suits your point of view.

Cheers, Sharks.