Last week, we discussed the subtleties between momental lines vs. channels. We also touched upon the relevance of the slope in terms of longevity.
Here is a chart that adds credence to this concept, where the channel lines are short-lived or unreliable, and the momental lines pick up relevance across a much more expansive span of time.
The difference is not semantic, but fundamental to understanding price wherever price lacks "reason" for its action.
David Alcindor | 4xQuad.com
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