QQQ Powershares Monthly from a different point of view.
I made a channel by connecting the top and bottom with a trendline. Then I took the time of the most recent high and put a vertical line there. The rest is just like conneecting the dots. Where the trendlines would intersect with the time line, I would put a horizontal line there. Then that would create a new point to put another vertical time line in. And so on. Now it creates cells with support and resistance and possible change in trend time line.
"Always listen to experts. They'll tell you what can't be done, and why. Then do it." - Robert A. Heinlein
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.
"Always listen to experts. They'll tell you what can't be done, and why. Then do it." - Robert A. Heinlein
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.