D-CHANNEL IS PREVAILING
A CHANNEL WITHIN A CHANNEL
It is evident from trend lines in D1 channel that the D-Channel (Descending channel) is prevailing. Yet another descending channel is creating its path within it. This bearish movement within the bullish market is critical. Price may take a U turn towards sky at any point. I have tried to explain price action at chart to make it as easy as possible to read. Making it self explanatory for the possible Break and Rejection points. Good Luck !
