Page 8 - Futures Money Machine-Study Session #6

Favorite Price Patterns

Channels …

Big trends emerge form elongated “price

channels” also known as “bracketed markets”.
Another term of channels is called “complex
corrections”.

These channels can occur at market bottoms,
tops, or during some corrections.

Trade Tip: Scan for markets that have been
stuck in a narrow price range between 10% to
15% for at least 20-days. The see if you can
identify and clearly see the channel, draw and
upper resistance line and lower support line
identifying the channel. Then wait for the
market to break out of the channel before
considering the trade!