CHANNEL IS MARKED BY YELLOW LINES. LOOK HOW BLUE LINE IS BEING RESPECTED AND ACTED AS SUPPORT FOR A BRIEF PERIOD.
FROM HERE THE SCRIPT WILL EITHER GO ON TO TEST YELLOW CHANNEL , BREAK IT AND MOVE AHEAD TO TEST GREEN LINES OR PRICE WILL TEST YELLOW LINE, FAIL TO BREAKOUT(POSSIBLE PROFIT BOOKING ON NIFTY) RETEST (AND HOLD BLUE LINE) TO BREAKOUT IN COMING WEEKS. ALL THE BEST AND IF YOU HAVE ANY QUERY THEN FEEL FREE TO CONTACT ME.
Thanks for this chart.... How have you added the blue line ?? I mean on what basis and what were there conditions for drawing the blueline ?? i can see that it is touching many lows.... What else is needed for that blue line to be plotted on those points itself ??
regards
Greg
Tradingshiksha
⋅
@gregferns, Good question, will explain you on telegram.
regards
Greg