Video 16 A, B, C, D, E & F: Channels

Question 1

Define Channel

Answer 1

Any collection of bars that can be contained within two lines.

Question 2

The distance between point 1 and 2 have to be similar to 2 and 3 or else traders will…

Answer 2

Ignore the line

Question 3

A triangle is a channel where lines get closer together. they converge.

Answer 3

Question 4

Whenever the market has three pushes down, it is some type of a _________

Answer 4

Wedge Bottom. (The market tried three time to go down, and now it has a reversal up. It’s a failed breakout)

Question 5

A lot of overlapping bars and two-sided trading is a sign of…

Answer 5

A weak trend

Question 6

When you have a Spike and Channel bear trend, it’s usually followed by a _____________

Answer 6

Trading Range.
At least half of the time the top of the range is at the start of the channel. So that would be the target for the start of the rally.

Question 7

Most Spike and Channels have ____ pushes

Answer 7

3