kedew - It's about 2165. Look at it on a 3 month daily and ignore the wicks and tails when drawing the trend lines. You have the right idea. "IF" we hit the top downtrend line we should fall to the bottom of the channel. We are in a downtrend regardless. Don't fight the trend. Spend some time at stockcharts and use annotate to draw channels and try each of the tools across the top. Retracements and a lot of other tools are there. Feel free anytime to ask me a question. Someone here will try to help if I don't know the answer.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.