Hopefully this isn't a silly question.. Does anyone know of an indicator (and its values) that would indicate that a price could likely form a channel rather than breaking out into a trend?
Such an indicator would be one that considers momentum im guessing...
My lesson for today was trend/breakout techniques can loose a painful amount if run over channelling markets.. some examination of the momentum in the prices may be able to clue to being wary of these?
Thanks for any advice.
Such an indicator would be one that considers momentum im guessing...
My lesson for today was trend/breakout techniques can loose a painful amount if run over channelling markets.. some examination of the momentum in the prices may be able to clue to being wary of these?
Thanks for any advice.