Selmax channels are certainly open to interpretation so there is really no right or wrong, but I just cant justify a channel in IPL during it's ascent. It looks to me just like a large broadening formation with converging support coming at around the $2.45 area. You can see the horizontal support there which is the bottom of the gap. The descending blue channel I see.
Heres how I see it and again there is no right and wrong, just a different take on it:
[URL=http://img9.imageshack.us/i/iplm.png/][/URL]
chart for talktome 14th of nov, page-4
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$3.03 |
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