NeeteshJain

Educational 02: How To Draw Channels?

FX_IDC:EURINR   EURO / INDIAN RUPEE
170 2 14
This is the second education series on Channel (link of Education 01 given below),

In this educational post, I cover up points that validate a Channel and benefits of drawing a right channel.

Validation points are as follows:

Point 1: Two Parallel lines

Point 2: Higher High and Higher Lows in Uptrend and Vice-versa.

Point 3: Two compulsory touch points in order to draw correction trendline .

Three Touches are ideal also called "Three Touch Rule" (Will discuss further in next educational series)

What's Next:

1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades? ---------------> NEXT
4. How to validate channel trades and manage risk?
5. Multi-time frame examples

Purpose: To educate retail traders like us to make inform decisions and to become profitable in long run.

I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE"

Thanks for your support,

Regards
Note: In case, if you would like to sign up for a one week free trial of my Equity FNO services then you may connect with me at neeteshjain01@gmail.com Regards
techkasamba
4 months ago
Great Education Neetesh for people like me.
+2 Reply
atul4b95
2 months ago
Hi Neetesh Sir
Can we ignore the candle wicks while drawing channel trendlines .
Also i have drawn a descending channel in Sunpharma daily chart ,is it correct
Thanks and regards
atul
[]

Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out