"IntelliTraders" 
Parallel Channel Basics

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MagicMan's picture
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Joined: 2010-04-15
Posts: 448
Points: 1270

Once points 2 and 3 are formed, you can draw a parallel trendline starting at 1 and extending right. This sets up a buying opportunity at point 4.

birdman's Chart
(CLICK CHART TO EXPAND)


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Benq's picture
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Joined: 2010-03-22
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Test comment....

Just a dude.  http://google.com is a site!