Target hit. Lower Low made. Long within the Channel.

Both targets hit (TP = 74.089 and 73.00 in extension) as the 1W Channel Down (RSI = 32.364, MACD = -1.080, Highs/Lows = -1.8671, B/BP = -4.6240) made a Lower Low at 72.363 breaking an emerging consolidation before its maturity. The Lower Low on the 1D Channel Down (MACD = -0.740, Highs/Lows = -0.8821, B/BP = 1.8960) can be a little lower (71.930) but in any case, the current level calls for a rebound to a Lower High. We cannot yet determine which pattern will prevail, the Channel Down on 1W or 1D. If the 1W does then the Lower High can be as high as 76.700. If the 1D prevails then the Lower High should be around 75.300. We will be taking one step at a time until the commanding channel is confirmed, taking a long now with TP = 74.670.