a down channel he is one downtrend line which are formed by connecting lower highs and lower lows. This pattern often indicates that the market is in a downtrend and traders should expect the price to continue falling. latest outbreak of down channel It indicates that the market has found support and may start to reverse.
We are waiting for the outbreak resistance level , which is the price level that previously acted as a barrier to the price rise. successful penetration of resistance level Will confirm that the market is in The upside Traders should expect the price to continue rising.
If the price meets the Plancton Rules, which is likely a set of trading standards set by the Plancton Academy, traders can consider opening a new long position. This is the rising A trade that profits from an increase in the price of the underlying asset. However, it is important to remember that this advice is not a guarantee of success and traders should always do their own research and follow their own risk management strategies before making any trades.
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He remembers.
- 🟣 Purple Structure -> Monthly Structure.
- 🔴 Red Structure -> Weekly Structure.
- 🔵 Blue texture -> Daily texture.
- 🟡 Yellow Structure -> 4 Hour Structure.
- ⚫️ Black texture ->
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