How To Read Channels

spy 5 min rth

 

....couple of support and resistance channels...

... using linear regression channels....

... 1 min ... ym ... rth

 

....don't need to post the result

 

elo ,where is your res on spx?

 

resistance the 2nd time ?
yellow
30min rth

 

.... this is an important pattern..... at certain times....

 

.....there it is again

 

again

 

Hi,

as you posted, we went through a very significant day today.

I show on your chart the two events
:

1. the VE and the pts 1 ,2 and 3 of the new channel.

2. The hug volume that kicked in after point 3 really tested the S and finally by close the dominant traverse appeared going into the close breaking through S.