DislikedAbabias, I love the daily chart and traded the daily for a long time. If you can't monitor the 4 hour chart due to work, the daily works the same way. Trade it just like the 4 hour chart. Let's redefine the pac (price action channel). In my mind the pac, means value area. Price goes away from value, then back to value (my definition). Price is always trading around value. When price is far away from value look for a retrace. Imho, price is going to go back to value then back down (we will see). So I would be looking to short after a retrace back...Ignored
Thanks for the suggestion and your knowledge sharing. I will keep an eye on what you said.
Regards,
AB