ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


A projection of parallels define a plausible bearish channel, whose upper projection caps the most recent bullish impulse. The overall system defines a bearish channel with multiple validation points at specific R/S levels and gaps, adding credence to these lines.


By Theodoros  Batsoulis
Technical Analyst
Risk Market