1. Dark blue line is base line of stretching back to lows of 2015/16. Big if here is a daily close below that.
2. Both the dashed and solid purple lines are 150% channels of the modified which price has been respecting all year and the newly developed regular (solid)
3. Running into . of 2017 PA
Would either look to scale into short with subsequent rejections of purple lines or upon daily failure of price to hold above blue channel short retracement.