Channels play an important role when understanding the nature of the market and they are used a lot to determine when the momentum of a particular trade may be running out and a reversal is looking more likely. In this video we will be going into the ways in which both ascending and descending channels are represented on the charts and the correct way to spot them to call these areas of potential trend reversal. As well as this we will be touching on the use of candle sticks to identify this momentum in the markets and we will be diving into the difference between impulsive and corrective candlesticks and how these can be a big indication when tied in with a channel to give you early signs of a particular move in the markets.
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