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Questions and Answers
Which of the following is a minimum requirement for the Micro-Channel Concept?
Which of the following is a minimum requirement for the Micro-Channel Concept?
- At least 4 bars in the same direction with a micro gap
- At least 3 bars in the same direction with a micro gap (correct)
- At least 5 bars in the same direction with a micro gap
- At least 2 bars in the same direction with a micro gap
What is a strong close according to the Micro-Channel Concept?
What is a strong close according to the Micro-Channel Concept?
- A close near the opening price of the bar
- A close near the high of the bar (correct)
- A close near the middle of the bar
- A close near the low of the bar
What is the condition for trending lows in a BL MC according to the Micro-Channel Concept?
What is the condition for trending lows in a BL MC according to the Micro-Channel Concept?
- No L below the L of prior bar (correct)
- No L above the L of prior bar
- No L above the H of prior bar
- No L below the H of prior bar
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Study Notes
Micro-Channel Concept
- Minimum requirement: a strong close in the prior trend
- Strong close: a close above the previous high in an uptrend, or a close below the previous low in a downtrend
Trending Lows in BL MC
- Condition for trending lows: a series of lower lows and lower highs
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