How To Read Channels

[elovemer]

pitchfork resistance

 

[elovemer]

this is not a channel because it was formed using the top line.... to get the bottom line

but it does show support

 

[elovemer]

.........
..........

 

[elovemer]

same channel provides support

 

[elovemer]

...this is set up for a centerline pullback on monday...

if it wants it

Quote from elovemer:
this is set up for a centerline pullback on wednesday ....
... if it wants to

 

[elovemer]

... could do another centerline pullback tuesday ... on new channel

 

[elovemer]

.......

 

[elovemer]

......

 

[elovemer]

it is set up again for wednesday

 

[elovemer]

the break out ... negates the centerline pullback set up

Quote from elovemer:

it is set up again for wednesday