About Channels

The best channels are the ones that look nice.

They have good symmetry.

The longer a channel has been established, the more significant it is.

The trend is the direction of the channel.

 

Up channels tend to break down:

 

channel1

 

Down channels tend to break up:

 

channel2

 

Sometimes down channels break down & up channels break up. Rare, but it happens.

 

channel3

 

Trendy channels have good price and time symmetry with harmonic trend waves and harmonic pullbacks.

 

channel4

 

July 8th, 2014 3:23 pm|