Watch for price action where base/acceleration/deceleration lines meet as these represent decision points.
* Blue = base channel
* Green = acceleration channel
* Red = Deceleration channel
Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance .
* Darker shade = primary channels
* Lighter shade = auxiliary channel
* Blue = base channel
* Green = acceleration channel
* Red = Deceleration channel
Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance .
* Darker shade = primary channels
* Lighter shade = auxiliary channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.