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Can someone help me with two questions that can help me with my trading. I found this in a Forex website, but the directions were fuzzy.
I am trying to learn to draw channels/trendlines to come together at different points
The article reads; Draw/Drag the channel line from A-C then put the other channel on B. Then repeat this again, Draw/Drag the channel line from B to D then put the other channel on C.
I am trying to use this to help me identify support resistance areas at cross points.
I am not sure how to identify the ABC spoken of. If someone has pictures or info that can help me, I would be very grateful.
I really appreciate you pointing out that indicator. I never knew that existed. What I failed to mention is I also need to understand how to determine what makes an A a B and a C and how to identify what is what. I will be able to use what you pointed out. I am half way there.
