Analysis using a parallel channel with a period value

The volatility was strong immediately after the FOMC interest rate announcement, but now it has calmed down a little.

I will brief you on the important lines that need to be checked in the current chart.

First, short-term, 15-minute, short-term parallel channels.

During FOMC time, the top line was broken due to a large change, but it settled directly inside the parallel channel, so we will consider that part as a fake (whip saw) and analyze it.

This parallel channel needs more attention to the interruption line than the upper and lower lines.

On the break line, we showed support when the chart was located above, and resistance when it was located below.

By current standards, the break line is expected to act as a support line because the chart is located above the break line.

(Top line - Resistance, Bottom line - Support, which is a characteristic of parallel channels, remains valid)





I analyzed it once based on the period value, and the time value of the high point -> low point / low point -> high point formed near this parallel channel was the same as 4 hours per 2 days.

Therefore, there is a probability that the period value from the high point to the low point to be formed this time is also 2 days and 4 hours.

The reason for predicting time values is that parallel channels are not horizontal lines, so their critical values change over time.

Therefore, we introduced a period analysis to check which positions are important after 2 days and 4 hours.






In the end, we predict that the good position of the profit and loss ratio derived from these analyses will be 19.6k to 19.7k.

I think it would be okay if you look at the fluctuations coming out of that position and aim for a long position.