Trading Tight Bear Channels: Video 44 A, B, C & D Flashcards
1
Q
In a tight bear channel, only trade in the direction of the trend.
A
2
Q
How do you know if a channel is tight? If pullbacks only last 1-3 bars.
A
3
Q
In tight channels, never trade against the trend.
Every bear trend is always forming wedges, it’s normal. The target for a wedge is the top of the channel (where the red dot is). If it breaks strongly above that, then the start of the wedge is the next target.
A
4
Q
A tight bear channel is a breakout on a higher time frame chart
A
5
Q
A tight bear channel always looks like it’s going to reverse
A
6
Q
The first reversal up in a tight bear channel is usually minor
A
7
Q
Resistance in a tight bear trend can either be the breakout point or the last higher low
A
