IGL - Sharp Corrective wave = wave - Long side Setup.As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts.
Month Line-Chart
Using Line-Chart for identifying long-term trends. The primary trend is up.
A price middle of the parallel channel and is falling downside.
Your long side trade will be referred to as the main or primary trade setup.
Month Bar-Chart
The
Long