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GREEN CHANNEL TO RED CHANNEL
Price did gap cross over from yellow channel to green channel and played within the green boundaries.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.
A gap-cross over a parallel line, in line with the flow of the market which is UP, will have price oscillating within the new channel ie. green.
If price cross over WL-2, price will attempt to stay within the Red Channel.
Overall FB has been leap-frogging since May-Jul 2013 crossing the white, blue, yellow, green and now possibly red channel.
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