Price Channel
This indicator is used to detect breakouts of significant support and resistance areas. The upper channel is drawn at the highest high of last N periods. The lower channel is drawn at the lowest low of the last N periods. A penetration of the upper channel is a sign of strength. A penetration of the lower channel is a sign of weakness.
yeah because i paper trade goog all day for months now and i am right 90% of the time trading the intraday breakouts, its so simple my 8 year old son can even paper trade goog. Time to open another account with 10 to 1 margins.