These lines look intimidating but they tell a very simple story of price predictions/possibilities. My style of trading is drawing short, medium, & long term price channels. Price will gravitate back & forth between these channels until it breaks out or breaks down major channels. This creates new channels inside & outside of previous price action. I've been most successful when I can jump on a moving channel & ride it until new channels start to break down. My thinking pattern is " if price goes "HERE", I'll buy & hold until it goes "THERE"...This is a pretty elementary style of trading once you take time to practice identifying channels of support & price targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.