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Post# of 51818
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techcharter

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techcharter

Re: TREND1 post# 40564

Monday, 08/17/2009 10:12:37 PM

Monday, August 17, 2009 10:12:37 PM

Post# of 51818
Trend1 - Another 2 Channels

I get the same target box using a few more trendlines.

Extend the lower channel line from 8/10 and 8/11. Now draw a lower trend channel from 8/14 and 8/17. These two trend channels meet in your target box.

Structurally this would be waves 1 and 3 touching the lower trend channel of a larger degree wave.
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