Not exact matches
On that day, we stated that, «the price action (in both QQQ & SPY) has been
contained by a tight trend channel since the June 4th swing lows (see red
lines in
chart below).
The following daily
chart of Powershares Nasdaq Trust ($ QQQ), as an ETF proxy for the Nasdaq 100 Index, shows that the price action in this ETF has been
contained by a relatively tight ascending trend channel (annotated by the red
lines) since forming its «swing low» support level on June 4.
To find these
chart patterns, simply draw two
lines to
contain the retracing price action.
Fences, gates, and grills operate simultaneously as objects circumscribing the countryside and geometric patterns
charting the canvas surface, and a number of paintings
contain diagrammatic
lines evoking a viewfinder, grid, or in the case of Central, a vanishing point.