Ceetrader7
New Member
FALLING CHANNEL
When a support occurs the market will likely retrace back to the higher point hence it’s a down trend we call it reversal Falling and raising channel they are the mave channel they opposite with each other
Symmetrical triangle On this channel support and resistance start to become smaller when the triangle starts to become smaller wait for a break out occurs go the trend if it breaks out at support sell it when it breaks out at resistance buy it
Example
EXAMPLE OF A BRERAK OUT ON Symmetrical triangle
Ascending channel Here resistance does not change only support that start to become smaller until a break occurs
Example of Ascending channel
NB remember when the triangle starts to become smaller wait for break out
Example on how to trade a breaks out
5 Decending channel
Ascending channel and Descending channel is the same thing just differ because on ascending channel resistance doesn’t change than on deciding channel support doesn’t change
Candlestick formation When we trade the candlesticks it plays a very important role on support and resistance
Candlestick of buy signal confirmation (bullish pin Bar)
Candlestick of sell signal confirmation (Bearish pin Bar)
When a support occurs the market will likely retrace back to the higher point hence it’s a down trend we call it reversal Falling and raising channel they are the mave channel they opposite with each other
Symmetrical triangle On this channel support and resistance start to become smaller when the triangle starts to become smaller wait for a break out occurs go the trend if it breaks out at support sell it when it breaks out at resistance buy it
Example
EXAMPLE OF A BRERAK OUT ON Symmetrical triangle
Ascending channel Here resistance does not change only support that start to become smaller until a break occurs
Example of Ascending channel
NB remember when the triangle starts to become smaller wait for break out
Example on how to trade a breaks out
5 Decending channel
Ascending channel and Descending channel is the same thing just differ because on ascending channel resistance doesn’t change than on deciding channel support doesn’t change
Candlestick formation When we trade the candlesticks it plays a very important role on support and resistance
Candlestick of buy signal confirmation (bullish pin Bar)
Candlestick of sell signal confirmation (Bearish pin Bar)
