How To Read Channels

....got the 200sma hit for the short....
.... now the question is will centerline hold or not......

 

TRADING HOURS....
... bottom of channel 10 min

...edit.... Marsupilami
...there is your example of a short in down channel at centerline failure.....to close at bottom of channel....
... trading hours... not globex

 

30 min .... trading hours....

 

2nd attempt at crossing center line
10 min trading hours

 

Are you using ALts with in the channels elo, ?

Like that short centerline failure...... example yesterday

http://www.elitetrader.com/vb/attachment.php?s=&postid=2310090

 

.....hey mup
... i wasn't... but that sounds like not a bad idea....

 

10min trading hours...
... that makes two shorts from centerline
.... now looks like a sym tri...

 

bottom of larger channel

 

.... trying to traverse the mini channel....

 

..... rarely does price just fall out the bottom of a larger channel.....
.... except for a short-term squeeze play