Advanced Tesla Channel (Daily)
This is a channel for others to copy onto their charts and use as they see fit. If you want to understand how I drew it and the highlights, then look at the tutorial for channels on my page as I've drawn it the same way.
As for how to use the channel. You look to buy at the green zones and sell at the red zones when the right candlestick pattern appears. The gray zones are just extra levels that you can initiate positions if you also see the right candlesticks form at the level and see net buying/selling (depending on the direction it is testing the level and the candlesticks seen).
I prefer to not just buy or sell at the levels but wait for the candlesticks to confirm that others are buying/selling at the level. It increases the odds dramatically in your favor to wait patiently. You have to also have knowledge of candlesticks, the more the better.
Hope this helps.
Cheers.
Kosai
As for how to use the channel. You look to buy at the green zones and sell at the red zones when the right candlestick pattern appears. The gray zones are just extra levels that you can initiate positions if you also see the right candlesticks form at the level and see net buying/selling (depending on the direction it is testing the level and the candlesticks seen).
I prefer to not just buy or sell at the levels but wait for the candlesticks to confirm that others are buying/selling at the level. It increases the odds dramatically in your favor to wait patiently. You have to also have knowledge of candlesticks, the more the better.
Hope this helps.
Cheers.
Kosai
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