A channel is formed in which a wedge is formed on the decline (the decline itself is a wedge-shaped formation). Zones of levels from which the further development of the trend depends on are shown on the chart. The channel itself has a width of exactly 44%.

First of all, you should pay attention to the local work with resistance of the descending wedge (purple). Breaking through the wedge resistance upwards and fixing the price is a reversal of this local downward trend.

If this channel breaks down to the 2333 levels and the decline stops, there is a triple bottom with a base of about 63% and enormous potential. Graphically shown by the marker. Could knock out stops by quite a large % as well.

This secondary trend zone is on a large scale.
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