Advanced Channel (SeaWorld, Daily)

30 Nis 2022

This isn't a direct trade, however the channel highs and lows can be traded by analyzing the candlestick patterns from those levels and trading accordingly. This is more for learning about how to draw channels. The dark channel lines are the main reversal level. The dashed line is the minor level of the channel. The green area is the buy zone. And the pink area is the sell zone. You can see how accurate this particular channel has been in containing prices. You look to sell at the channel highs and buy at the channel lows. Hope this helps someone.