Hi there,
I like the method by which Support and
Resistance points are defined by the 5 bar Mouteki/DeMark
rules.
So, why not use the last High and Low points, as
defined by the rules, as the Top and Bottom line for a
breakout channel - which is THE basic price action system.
KISS.
(Keep it simple stupid).
I like the method by which Support and
Resistance points are defined by the 5 bar Mouteki/DeMark
rules.
So, why not use the last High and Low points, as
defined by the rules, as the Top and Bottom line for a
breakout channel - which is THE basic price action system.
KISS.
(Keep it simple stupid).