Because we have a break of the trend, and are now firmly in the channel that was defined before the last few weeks of the mania phase.
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MACD and Stoch RSI still up. Trend confirmed.
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We have confirmation of the trend being back in the longer term healthy channel, bouncing off the top and then entering the channel.
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Friday, it bounced off the bottom of the channel and it is holding in the channel now.
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Channel is broken on the downside. Monitoring carefully.
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Closed.