Hey @ddwn
Channels can obviously be extended and @stokdog was good example. Always tricky though as once breaks out of the channel does it null / void or not. Obv the recent Ann was the kicker for the move back up, maybe not so much TA driven?
Another way is Linear Regression (Channel 1 or 2 Deviations) as well and by taking a period for the LR then allowing the channel to extend you can see expected potential trend, poss supp / resist and then also watch for breaks against the prevailing expected trend (or poss reversals). Some will use as poss signals for buy / sell from top or bottom (or outside) of the channel bounces. Is quite normal for mkt movements to overshoot one way or another (hence as we all say - never goes in a straight line) and come back closer to the central Linear Regression Line.
Simple example below similar to stockdogs time frame with the top LRC drawn between the two black arrows & extended forward and then the break down into another LRC I put on between another time frame (black arrows starting from where break down was) and extended forward. You can see the 2 poss trends and the push now back into the original LRC.
The pink ellipses are just highlighted prev higher high swings that I projected forward to where the SP hit today and came back to finish. Know prob doesn't answer much but was just a visual I guess to look at.
Also is the prev chart from last night & can again see where SP got through prev highlighted resist to next Fib resist area above & then pulled back to the area just tried break through. GL DD and holders.
MSB Charts, page-131
-
- There are more pages in this discussion • 758 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MSB (ASX) to my watchlist
(20min delay)
|
|||||
Last
76.5¢ |
Change
-0.010(1.29%) |
Mkt cap ! $873.4M |
Open | High | Low | Value | Volume |
76.5¢ | 80.3¢ | 76.0¢ | $5.022M | 6.472M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 424489 | 76.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.5¢ | 3903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 270286 | 0.760 |
3 | 23314 | 0.755 |
11 | 1074206 | 0.750 |
2 | 14000 | 0.745 |
2 | 70000 | 0.740 |
Price($) | Vol. | No. |
---|---|---|
0.775 | 30000 | 1 |
0.785 | 177308 | 3 |
0.790 | 59000 | 3 |
0.795 | 42022 | 1 |
0.800 | 132424 | 10 |
Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
|
|||||
Last
76.5¢ |
  |
Change
-0.010 ( 1.20 %) |
|||
Open | High | Low | Volume | ||
78.0¢ | 80.0¢ | 76.0¢ | 2064486 | ||
Last updated 15.59pm 19/04/2024 ? |
Featured News
MSB (ASX) Chart |