8d (edited) • Technical Discussion
Trend Channels & Price Action – September 19th 📊
Today’s price action gave us a textbook lesson in trend channels and measured moves. Let’s break it down quickly.
5-Minute Overview ⏱️
- Opened at 4768, dipped into the 20 EMA (solid support).
- Initial move up, then the “dance” began around 4785–4790.
- Support flipped to resistance → clear downtrend formed.
1-Minute & 2-Minute Insights 🔍
- Early lift above the open looked strong, but selloff was controlled, measured.
- On the 2-minute, the trend channel was crystal clear.
- Reminder: 80% of reversals fail ❌. The true reversal showed higher highs and a structural shift.
Lessons Learned 💡
- Trend channels = controlled consolidation with direction.
- Use multiple timeframes (5, 2, and 1) for confirmation.
- Dots/indicators = great for mechanical exits → no stress trading.
- Measured moves repeat (today gave us several ~50-point legs).
Overall, today’s session was a solid reminder:
✅ Stick with the trend.
✅ Expect reversals to fail more often than not.
✅ Let structure guide your risk-to-reward.
See you Monday—fresh week, fresh charts! 🚀📈
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Trend Channels & Price Action – September 19th 📊
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