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At 6:11 Al says that there is a 75% chance to be a test of the bottom of the channel when there is a bull breakout, but points to the trend line where the lines converge. He also says that the bottom of the channel is so close, so I assume he is talking about the point he is pointing to.
Then at 6:18 he says that the bears may be able to get a test to the bottom of the channel, but points to the low of push 1.
I'm confused as to what he considers the bottom of the wedge channel. Any clarification? Thank you.
Yes, it is confusing as he is naming two different things the same. @richardhk, maybe you want have a look on that because the second time Al means the beginning of the channel, not the bottom.
Yes, it is confusing as he is naming two different things the same. @richardhk, maybe you want have a look on that because the second time Al means the beginning of the channel, not the bottom.
On initial review it looks and sounds fine to me. Maybe a terminology/language issue?
The 'bottom' of channel is the same as saying 'start' of channel in this case. If you interpret 'bottom' as the line drawn, then what point along the line would you be testing?
@richardhk, It seems Jesus didn't know what point would be testing and that is why he is asking 🙂
@jesus-contreras81hotmail-com, is it clear now so you don't need further explanation?
