This is a cleaner chart with the relevant channel and price levels using weekly closes.
Next we will take a look at Moving Averages using standard and nonstandard time periods.
Simplicity is significant. When viewing a price chart, what are the first things we notice?
Highs, Lows, and Slopes
As we begin to analyze a chart, note the major and highs. Like a magnet, these are price levels that price will gravitate toward and repel from over time. How price approaches these levels will give us insight into the likelihood of a continuation...