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UFT - Wait for Break - Channel Formed?

UFT looking like its struggling after the recent break out and broke down on the RSI. But on the upside it looks as a channel has formed.
Looking for down trend line to be broken on chart and Stoch.
Hitting a daily resistance level now for possible bounce, if not the red channel will be the next support(hopefully).
Looking for a bounce of the bottom channel, with a target price to the upper channel!
Looking for down trend line to be broken on chart and Stoch.
Hitting a daily resistance level now for possible bounce, if not the red channel will be the next support(hopefully).
Looking for a bounce of the bottom channel, with a target price to the upper channel!
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