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A narrow tunnel for squeesing the crowd's wallets

Happy fishy Thursday, Dear Swingers!

Sometimes your tolerance to market complexity might turn out to be awarded a week or a month later. With the 2nd high upon the channel exit the price has formed the brilliant with a false upwards break and it is lowering within an acceleration channel where there are: a) a very strong resistance @23300 and b) a very strong support @22700. The would be break of the latter will open the road to 20700 with the final channel exit to be followed. As for the possible perspective above the "tunnel" - so far the 2 corresponding brave attempts have ended in failure.

Yours,
ICBF Swinger Dagmar
Beyond Technical AnalysisChart PatternsWave Analysis

Penafian