This market has tested upper line tree times and failed to pass through.
Looking at the monthly chart, we can see a clear parallel channel. Also note how this market has tested these lines since 2006.
Compare how big were the candles just before the 2008 crash to its previous highs. Now look at the 2009-2013 up trend, note how big are the our last tree month candles compared to its previous highs.
Parallel channel restricting upward movement.
