SPY channel reversal projections

٢١ ديسمبر ٢٠١٨

This method of channel projections seems to work consistently on any time period. Previous trend line breaks seem to react as support in the future. Just because it breaks above a trend line doesn't mean it won't react later. Consider it breaking into a channel that doesn't exist yet. That trend line can be projected onto the highs in the shifted over down trend to identify the possible new channel.