ID Parallel Channel: Huge Risk Reward

ID has been trading inside a parallel channel for well over a year. The channel got confirmed after the price bounced from the lower support at the start of August.

With a stop just below the August lows and a target at 2.50 we can construct a very strong trade with a high risk-reward. Naturally, this trade assumes that the bottom is in for now.

Risky, but the potential pay-off is huge.