moonchild
VIP Contributor
Channels is pretty much like a trendline but the difference is in a channel it goes both ways, as we all know in a downtrend, you will draw a trendline from the bottom, connect lows and anticipate when market come to your line you'll take a position, but in a channel which works more in a ranging market, so instead of just putting a line below you'll draw on top the pattern.
This way you'll be able to sell when it is high and buy when it is low, I think you'll be able benefit both ways instead of just looking at it one way.
This way you'll be able to sell when it is high and buy when it is low, I think you'll be able benefit both ways instead of just looking at it one way.
