Market Never Ending Cycle: Channel
Market Never Ending Cycle: Channel
trading
channel 75% becomes
buy
range
50 % chances of breaking bullish or bearish
"the breakout
channel types climax"
tight channel broad channel high risk / high probability
no significant pullbacks
initial stop loss regardless where easier to trade
your trade started the pullbacks only 10% of bars are in
breakout mode ~ trade
ok to scalp with trend
high probability ~ high risk countertrend
60% / 70% chance of
measured move
ok to scalp ~ you can miss the
rest of the movement
buy
more late you're in ~ more buy if retraces more than
risk you'll have 2/3rds ~ 50% chances
max. 20 to reach newer high or
better to swing
new lower low stop
bars as bear channel ~ bull breakout
reference stop bullish channel >>
bear breakout