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NASDAQ 100 - Is it duplicating the same channel move to the left

FX:NAS100   NASDAQ 100 index of US listed shares
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NASDAQ 100 - Is it duplicating the same channel move to the left? Notice Channel resistance and new channel breakout.
sunny
3 years ago
I don't see how you drew the descending channel without it lining up at the bottom. The top of the descending channel isn't that pretty either. Is it going higher? to test the ascending channel now? Thank you, Sam.
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MarketSwingPlayer PRO sunny
3 years ago
snapshot
For example see the link. It look bullish but you never can predict a selloff.
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MarketSwingPlayer PRO sunny
3 years ago
APPL and google bullish today
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MarketSwingPlayer PRO sunny
3 years ago
Main thing is look at support and resistance as well after channel broken. Is support or resistance near the break. High probability that is as high or low will min.
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MarketSwingPlayer PRO sunny
3 years ago
Top looks like institutions accumulation. stealth buying But sometimes they slip and shoot the price up to high
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MarketSwingPlayer PRO sunny
3 years ago
You never know how wide or narrow a channel is. Especially when it's new and you can't judge how wide it should be. If price is going down and went outside on new channel Just readjust the channel see link
Last channel should include the last red candle Before:
snapshot
After
snapshot
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sunny MarketSwingPlayer
3 years ago
since it went below that channel, I shorted but didn't get long once it broke higher again. I just waited and shorted near the top. Lucky me today. Thanks for all your help, sir.
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MarketSwingPlayer PRO sunny
3 years ago
Excellent,! smart money :D
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MarketSwingPlayer PRO sunny
3 years ago
NAS100- Channel trading by Sam
Wow look at the long candle
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Early in the morning test this idea first. Just and idea!
NAS100 - Channel Breaks Long or Short
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Main thing is look at support and resistance as well after channel broken. Is support or resistance near the break. High probability that is as high or low will min.
Reply
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