Quoting henschDislikedThis week we started with and uptrend and in the middle of the week, the trend changed downwards. This is how the charts looked like
HenryIgnored
I read the part about the spike, but what if there isn't a spike? What if the price slowly goes one direction (still bouncing in the channel). If you don't redraw the channel every hour, you may miss the bounce, but then again I guess you only play the bounce on ranging markets, so you wouldn't need to redraw.
Thanks for your help on everything.