Currently in a consolidating channel. The yellow lines display points of breakout from the consolidation pattern. The lines are just one of many other signals that go into entering the trader.
The breakout trend lines can also act as a pivot point for trend reversal. Be aware of support and resistance in those areas.
breakoui trend lines = yellow lines, also know as channel lines.
Stochastic are showing convergence
The breakout trend lines can also act as a pivot point for trend reversal. Be aware of support and resistance in those areas.
breakoui trend lines = yellow lines, also know as channel lines.
Stochastic are showing convergence