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Thread: Trading the Channel:
1. Prices often moves in channel, channels may not be perfectly rectangle. Channels could be triangular channels, upward or downward rectangular channels.
#tradingthechannels
1. Prices often moves in channel, channels may not be perfectly rectangle. Channels could be triangular channels, upward or downward rectangular channels.
#tradingthechannels
2. Identifying those channels will allow trader to (A) be on the right side of the market trend (B) Make good entry & exit.
3. For identification one should start with identifying long term major trending channels, on extrapolating those channels will be then useful in getting idea about future major resistance/support & possible breakdown/breakout points to be kept in mind.
