DislikedSo here is the example post how I use the channels and determine my entries + added a example chart how I draw the fibchannels using 5MIN Chart:
The reason I looked to short was that the price broke the 1H channel line and hanged on to the upper channels without touching the lower channel line.
Red Circle on the 1H chart with nr 1 Is the reason.
I have noticed that the price will reverse or bounce from the channel lines not in the middle or 1/3 in the channel.
Personality of the 1H channel line i have noticed : 1H channels (major) are not...Ignored
Sic Transit Gloria Mundi ~ Thus passes the glory of the world