My Path to Millions

Entries tagged as ‘Channels’

Pattern Recognition in Monthly Chart (Don’ts: Point 6)

May 7, 2008 · Leave a Comment

MOnthly Chart of CTX

 Monthly Chart of CTX shows a channel with its top at $30.

Daily Chart of CTX

However, the candlestick formed on the daily chart is midway between the top and bottom of the channel.

Categories: Options Trading
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