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Interesting how Parallel channels tells the tail of major support and resistance. Readtheticker.com has the tools to do this with ease.
Chart used in video below

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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

Chart used in video below
