GENERAL MOTORS COMPANY : SEGMENTING FLOW AND FREQUENCY SHIFT
Major trend is up as defined precisely with so many touche points along the L-MLH and ML.
When market flows in a purported direction in this case it is up, it is good to take a different perspective or view of the market to look how the price staggers.
If you move the purple channel, you will see it coincides exactly with the width of the lower or upper bands.
I call this frequency shift....direction remains intact just that the band has been shifted.
Price is possibly poised to retrace towards the upsloping L-MLH. Standby to LONG once it nears there showing a well-defined kangaroo tail ;)
When market flows in a purported direction in this case it is up, it is good to take a different perspective or view of the market to look how the price staggers.
If you move the purple channel, you will see it coincides exactly with the width of the lower or upper bands.
I call this frequency shift....direction remains intact just that the band has been shifted.
Price is possibly poised to retrace towards the upsloping L-MLH. Standby to LONG once it nears there showing a well-defined kangaroo tail ;)