OLD CHANNEL - WHITE
NEW CHANNEL - BLUE
1. PRICE BREAKS OUT OF OLD CHANNEL
2. WE CAN EXTRAPOLATE NEW CHANNEL.
3. PRICE PULLS BACK TO OLD CHANNEL MID-LINE.
4. WHERE PRICE INTERSECTS OLD CHANNEL MID-LINE AND NEW CHANNEL HIGH IS LIKELY TARGET OF CURRENT MOVE.
NEW CHANNEL - BLUE
1. PRICE BREAKS OUT OF OLD CHANNEL
2. WE CAN EXTRAPOLATE NEW CHANNEL.
3. PRICE PULLS BACK TO OLD CHANNEL MID-LINE.
4. WHERE PRICE INTERSECTS OLD CHANNEL MID-LINE AND NEW CHANNEL HIGH IS LIKELY TARGET OF CURRENT MOVE.
