CHL: At The Bottom Of The Gap

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CHL broke out of the Bullish Inverse H&S (in purple) on March 27 putting 83.13 IN PLAY, and on the same day, it also broke out the large down trending channel (in blue). The channel breakout didn't hold on a closing basis on March 27, but it did in the next two sessions. A Double Breakout like this one can be very powerful. Minimum expectation for the channel breakout: the bottom of the gap, at 82.69. CHL just printed 82.69 in only six trading sessions from the Bullish H&S breakout, at 74.00.