I just thought I will update my previous chart, because with today’s 36c close, the lower TL of the TED I indicated was broken and so the possibility of Trend Ending Diagonal (TED) playing out has now become a probability! This by the way was also confirmed by the RSI crossing over the 50 level and with that giving the bearish RSI diversion some extra weight!
If I‘m not mistaken bushmaster, then your lower channel line of your rising channel has also been bridged today. Would be interesting learn what interpretation you would put on that or if it is simply a matter of readjusting the channel and therefore denying the break.
Charting 2.0, page-42
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