101 channel's target, if we only bearishly break out

4 Mar 2021

Simple charting.
First target is usually
the last point price
touched the Trend L.
Second target it the
pullback = width of
the channel

5 Mar 2021

Catatan

We are still below the channel, 2ed day, possible

A/ Retest of broken line, then tank more.
B/ Bears trap and we bounce back into the channel.

7 Mar 2021

Catatan

Beautiful false break out "Bears trap", we need a confirmation that this is a false break out three days inside the channel will due. Never now, we might go down again !!!

9 Mar 2021

Catatan

According to John Murphy's Technical book of analysis, we need another day inside

the channel " 3 day up or down" to confirm that was a false bearish break out of

the channel and we are back in bull mode. Therefore, today is the day according

to him do confirm bullishness or bearishness.

11 Mar 2021

Catatan

Well, we got our third day inside the channel as Murphy's book. This is a legitimate

bull move.

16 Mar 2021

Catatan

This March's channel is still strong and getting stronger by the day + M2 is getting fatter for sure no updates so far for it.

22 Mar 2021

Catatan

Now is probably our fourth touch down of the trend, it actually makes it stronger trend line.

24 Mar 2021

Catatan

Still holding .