Classic Descending Channel With Clear Structural LevelsThe primary feature of this chart is the broad descending parallel channel marked by the orange lines, which frames the entire corrective phase in a neat, orderly manner. Price has repeatedly respected both the upper and lower boundaries, reinforcing the relevance of this channel as a dominant structure.
A trend‑changing resistance line is drawn in white, connecting swing highs and visually separating the prevailing downtrend from any potential shift in behavior. This line serves as a clear reference for how price has reacted to supply zones within the channel, without implying any future breakout or directional bias.
The red dotted line acts as an internal, hidden line derived from prior price interaction, helping to map out the internal rhythm of the move. Overall, the chart is intended purely as a structural illustration of how price respects channels and internal reference lines, without any forecast or trade signal.
