Managing Positions with Parallel ChannelVideo tutorial:
• How to identify downtrend and uptrend line
• How to draw parallel channel correctly
• Confirming a change in trend (using trendline itself)
• Managing positions with parallel lines
- Profits
- Risks
- Knowing its volatility
Micro Natural Gas Futures & Its Minimum Fluctuation
0.001 per MMBtu = $1.00
Code: MNG
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
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Parallelchannelbreakout
2281: TANMIAH (Watch for Channel Breakout)Price is moving in parallel channel for a while (accumulation)
Bulls need to breakout for Long setup
Rising Wedge formation is in picture
HH, HL formation continues in higher timeframe
Entry after breakout of channel can be taken for a Good Risk Reward Ratio
Trail Stop Loss