This HOW-TO tutorial will show how to use markers and the channel fill to re-enter and exit positions.
🪐 SETTINGS (Indicator 1)
Mult: 1.25
Top Markers: ON
Bottom Markers: OFF
🪐 SETTINGS (Indicator 2)
Mult: 0.9
Top Markers: OFF
Bottom Markers: ON
👩🏫 COMMON PATTERNS
🗠 A After the appearance of a fake primary top marker the price level at the time of the marker (horizontal bar) is successfully tested from below. This is a bullish signal.
🗠 B Following a large bullish trend after the appearance of a false primary top marker, the appearance of a secondary top marker together with the gradual stabilization of the price is a bearish signal.
🗠 C & D Similar to the testing of the price at "A" but here the price is tested from below. The general strategy is to short when the price drops below the level indicated by the horizontal bar (the price at "C" when the price reverses at the edge of the channel).
🗠 E, F & G Favorable times to enter long positions is when the price drops sharply and touches the borders of the channel from above. Generally if you find appropriate Mult values using the markers you will also enable the channel to display accurate support and resistance levels.