Marina “The Trader Chick” Villatoro states the many different names given to channeling markets and shows you how to spot them.
- Sideways Market
- Indecision Areas
- Exhaustion Areas
- The Chop
- Transition Area
Whatever name you give it, it all boils down to being the same in the end. It’s an area that we usually need to stay out of, because this is where most traders' profits get taken back.
How to spot channels and read them:
Start with drawing the areas. Support and resistance areas are your life jackets. If you don't have your areas drawn in, how would you ever be able to recognize channels forming?
This video will help you truly understand what channels are, how to recognize them and most importantly of all—how to avoid them.
Marina “The Trader Chick”, specializes in helping people to day trade with confidence and ease. She simplifies the process by completely breaking down the art of identifying high-probability trade setups. For more information, please visit TheTraderChick.com.