General NASDAQ STRATEGY PART NINE

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Flat Channel Resistance and support do not change So you will buy at short and sell at resistance until a break out is made Example of Flat channel

When a break out happens for example when resistance breaks the old resistance will become our new support when support breaks out the old support becomes our new resistance

Raising Channel Example

Example

Buy at support and sell at resistance when a breaks occurs on a raising channel the market will form a retracement back lower of the market