Correct trend lines

[murray t turtle]

Assuming that my lines are drawn correctly it seems as if we're in the middle of the channel. What's the best policy in such a situation...to sit on hands and wait for price to move to the upper or lower channel lines?

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Mr Shorts-K;
Well since there are many correct ways to draw/record a trend line, 4 follow;
50 day moving average, 200dma, 50 period ma, 200 period ma, they're, fine ,,your lines are fine .....

Generally speaking, long story short;
middle of channel is a fine place to get long, in get strong UPtrend,,SPY for an educational example., now .

BUT with it being so late in year;
so late in quarter, sell in MAY + go away. I can find better uptrends than OLD , SPY-UP=trend. SPY may get more old, more extended.NOT a prediction,;NOR is SPY now even a good example of a HI probability Up trend,.Many turtles may make loads of money on LOW probability trades/investments.

Wisdom is profitable to direct ; good question.