MarketSwingPlayer

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

FX:NAS100   NASDAQ 100 Index
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NASDAQ 100 - Is it duplicating the same channel move to the left? Notice Channel resistance and new channel breakout.
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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Early in the morning test this idea first. Just and idea!
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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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snapshot
For example see the link. It look bullish but you never can predict a selloff.
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APPL and google bullish today
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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.
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Top looks like institutions accumulation. stealth buying But sometimes they slip and shoot the price up to high
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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
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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Excellent,! smart money :D
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