基于对角线通道的支撑和阻力维度 (Diagonal Chanel Based Dimension Of Suppo)

Hello fellow traders

I believe that this thread and idea would be both useful for Forex related technical analysis and in fact even binary options based t.a.

My eyes were always good for finding random patterns and similarities, especially when it came to ratios. My view on technical analysis is that its a modern alchemy.

Anyway, have you ever thought - why can`t we have s/r lines at an angle instead of being horizontally straight ? And what will happen if we take more levels in consideration in a channel instead of simply the highest and the lowest ?

Well... I did.

I'm not sure if someone has ever brought up something similar to the general audience, and I have discovered the following myself while analysing charts.

I`m also sharing it with you fellow traders, In believe that together we could make something more efficient and effective out of the following Trend Channel S/R concept.

Take a look at the chart bellow for example :

1) There are visually noticeable channels
2) It seems easier to draw the trend line at the bottom since its a down trend/opposite for up trend usually (Drawing channels manually one line at a time will show you allot more than you could think)
3) Now we select the line (double click) and while holding Ctrl + C we draw it away, our trend line should be copied now.
4) We adjust it to the lowest low of our channel and extend it all the way to the left side of the chart (of course if the ray option is ticked in the tl options)
5) As we can see the following support trend line shows a property of our regular horizontal support and resistance line - its a turncoat
6) So what do we do next?We repeat the process, we copy our trend lines an try to fit them to the channel (looking towards correlation with the price - turncoat) as if our Chanel was a ranging market. We fit them at all OHLC points which look good.
7) Once we are done with that, our manual trend line channel should look like the second screen shot.