Channeling Markets – Day Trading Lingo of the Day
As we talked before about trends – going up, going down, and sideways, these can all be channels as well.
Basically what a channel is, is where the pivots make a perfect channel between each other.
When it is a channel going up or going down, these can be great to trade. It is showing that the trend is continuing.
However, when we have a sideways channeling market, this is where you would need to be super cautious, unless it is wide enough for you to trade. But usually, a sideways market means consolidation, indecision and can be a place where traders lose all their winnings from the day and then some.
Related Read: Day Trading Vocabulary
Example of a Channeling Market
Below are examples of channeling markets so you can see what they mean.
Learn what are the Best indicators for day trading futures
If you want to learn more about becoming a day trader and start day trading on your own with ease and confidence – Sign up for the FREE Mini Course.
Let`s get to know each other. You can learn more about my journey and how I started here.
After that, if you have any questions you can always ask me at traderchick.com. Come to my Facebook group and introduce yourself, let me know your experience with trading.
Are you ready to go beyond basics, learn day trading and start your dream life – check out MY Courses.
