Market engineers can use channels to find out when a market has entered an undervalued or overvalued zone. Purchases and sales take place in these zones. Professionals use trending channels to find out when the market has overtaken itself and where it is likely to reverse.
Upper channel line = EMA + EMA x channel coefficient
Lower channel line = EMA - EMA x...
Fibonacci Average Channels is moving average of fibonacci numbers, It is an indicator that will make chart analysis easier.
What do you want to know?
- Support and Resistance
- Price target?
- Buy and Sell zone?
- How to use -
Determining the trend direction, From "Base line".
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Paint in the key...
The black line is the current real price, and it's middle of the channel. when close price is in the channel,it means that the market is in balance.
the market need a lot of energy to leave the channel,if the price can leave the channel,the channel will become support or pressure.
Here are the brand new Price Action Channels.
As time passes and the portfolio grows not only in volume but in assets managed, I have found out that what's needed from technical analysis can't occupy so much time in decision making. Why? I hope you take into consideration other critical variables that affect the market, such as fundamentals, market sentiment,...