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[spielchekr]

Just some ideas from an exercise in drawing strict // channels pivot about the 161.8% fib lines. This isn't to predict, it's simply an attempt to identify possible working channels. Having the 20ma overlapping the channel centerline confirms the current working channel, IMHO.

If price can't work above the upper orange boundary, I think the orange channel bottom will be looked upon as the support boundary. Price is possibly at a deflection point of respect now, due to today's convergences of other candidate channels shown in the chart below this one:





A couple of other candidate channels lurk at today's convergences. A good dip down into a channel bottom could bring them into play.







Of course, we could just rocket up to the top of the blue channel on the first chart. If so, simply ignore everything else.