in parallel channel there are two trend lines parallel to each other.
You buy/sell at trend line.
near the yellow arrow sign. you multiple resistance
you have multiple resistance to sell and you exit at 100% projection of wave at lower trend line of channel
this is perfect example : How you can trade using trend lines, fib retracement and extension, support and resistance.
(market doesn't give you this type trade everyday. so you have to wait which strategy is giving you signal to trade. if you wait you always spot this type of trade easily ).
You buy/sell at trend line.
near the yellow arrow sign. you multiple resistance
- trend line
- fib retracement
- previous support now turned into resistance
you have multiple resistance to sell and you exit at 100% projection of wave at lower trend line of channel
this is perfect example : How you can trade using trend lines, fib retracement and extension, support and resistance.
(market doesn't give you this type trade everyday. so you have to wait which strategy is giving you signal to trade. if you wait you always spot this type of trade easily ).