Home > Articles > Volume 40 (2022) > Chapter 1 (January 2022) > Stocks & Commodities V. 40:01 (30–31, 34): Using Parallel Midzone Resistance by Azeez Mustapha

Stocks & Commodities V. 40:01 (30–31, 34): Using Parallel Midzone Resistance by Azeez Mustapha

Stocks & Commodities V. 40:01 (30–31, 34): Using Parallel Midzone Resistance by Azeez Mustapha
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Using Parallel Midzone Resistance by Azeez Mustapha

Plotting a parallel channel on a chart helps the trader to see entry and exit opportunities and helps to reveal consolidation and reversals within an ongoing trend. Plotting the parallel midzone helps uncover additional opportunities. Find out how you can apply and interpret this technique.

The market moves in a specific order. Hence, certain tools exist to aid the trader with entry and exit. Many times, the market makes patterns that are difficult for two trendlines to enclose, so that a distinct channel can’t be discerned ...




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