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How To Read Channels
- Thread starter elovemer
- Start date
Quote from elovemer:
prediction value....
take your last swing down
draw a rectangle connecting the high and low of upper or lower wall
.... then draw a trend line diagonally across the rectangle going up this time
... use that to draw a channel of the same approximate width the of one which went down before
.... use this for prediction value....
... until you have the actual points
sorry to keep posting but care to show an example....not understanding the rectangle drawing as well as the trendline...