Parallel Channel the Most Underrated Tool in Technical Analysis
Markets often move in Channels be it range bound, Strong Up or Down.
Channel helps to project direction and next reversal points.
Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense.
Details are added on chart. Happy Learning.
Channel helps to project direction and next reversal points.
Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense.
Details are added on chart. Happy Learning.
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