ThinkLikeaWhaleTLAW

Making and using Stacked Channels on log scale for targets 🧠 💱

Education
KUCOIN:WIFUSDT   dogwifhat / Tether
Alright, so here I will explain the idea of stacked channels on a logarithmic scale. First thing you need to do is go to logarithmic on your chart. You might want to reset the scale just for convenience so it looks nice and neat. Then you go to the channel and look, obviously we're going to start at the bottom. Okay. Now what you want to do is you find your channel here, right? Let's say this was the first one. You can go here as well. You can go here. It's whatever. I'll just go here to the beginning See how it lines up at the top. Okay, then I'll extend it And you were asking when does the price break out of the channel so here I'll mark it so you see This was a fake out. But here we have a legit legitimate breakout, right? So If I highlight this area right here, you know, you have the breakout of the channel, out of the channel. So what I do now is, I'm going to copy this channel, clone it. Ok, CTRL-C, CTRL-V, just slide it up, match the top of the old channel to the bottom of the new one. And you have a nice target here. See how it touched and stayed roughly around here? So that's all there is to it. And look, perfect here. You see? Confirmation. Confirmation again. Confirmation again. That's how you do it.

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