I create a funnel To create a focus of the high resistance and lower support drop ranges. I set a inner wedge setup in red for the current flag focus in this sideways accumulation zone. I set a Rectangle tool to focus on the current trend channel up to the current two dates of focus on thist trend set by the dates hightlighted from the 2 Vertical lines on June 29 and July 3rd. I set the drop reversal for 12 percent. I Included Price Notes to show range prices of focus within the percentage trade zones for hidden reversal points.
This is just a theory and not to be taken literally and is not financial advice.
Enjoy the notes
This is just a theory and not to be taken literally and is not financial advice.
Enjoy the notes