My Learnings: * Price is the leading indicator Trend Channels: * Parallel lines: We need 2 points on one line to draw a trend line, and one point on the opposite side to draw a trend channel * When we have trendline support as well as previous support, you should be ready to get in or get out of the stock * When the price does not hit the lower trend line, that itself says that the trend is strong. The steepness of a Trend Line gives us clues about the market a condition so we can adjust our trading strategy accordingly * Don't jump blindly into a trade. Learn and then trade, master it first. * Always trade as per your risk management, financial capacity, limits, stop losses, financial management... * Another kind of trend channel - Pitch Fork. If you get one Pitchfork right in stock, it will work for a long time * When off target - more lines to pitchforks - modified pitchforks
