When I was drawing a channel for the price, I noticed that the price moves in a grid of two trend lines with angles of -25 and 50 degrees. These lines serve as resistance and support for the price, and this allows you to find the price extremum points.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.