chonnalls

cash
... 30 min

... big channel at 80

 

usd/jpy

 

Actually, it is.

 

hourly globex

 

hourly big picture

 

TRADING hours ...
.. big picture

 

spx 15 min channel

 

... to answer your question again...

.... here is a down channel.... and yet here are two opportunities for long
.... usually long entries are only reserved for up channels....

... the two red dots... represent failure to cross the 50% level of the channel... or centerline....
... the first one was successful in exiting the channel...
...the second was not successful....in exiting....
.... but both are good long entries...

 

three grey dots to form first channel

 

....once you have the first pink dot... you have to wait for the second pink dot....

...once you have the second pink dot.... you have to wait for the third pink dot to form the second channel....
... the first channel provides guidance for the third pink dot....