ETC - Retrace/ Channel

After bouncing perfectly off the channel its found a new support on the LIGHT BLUE trend line, It is likely that we will see some consolidation in the short term.

MACD Crossed on the 1HR and 30 MIN coupled with a fall in Vol. should see a nice (Little) retrace. IF we fall from the LIGHT BLUE & PURPLE intersect around 37.882, I would expect to follow the bigger uptrend and re-test the DARK BLUE channel.

Otherwise, next targets are GREEN and YELLOW.

This is by no means investment advice of any kind.

GMTK