3 Questions
Which of the following is a minimum requirement for the Micro-Channel Concept?
At least 3 bars in the same direction with a micro gap
What is a strong close according to the Micro-Channel Concept?
A close near the high of the bar
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
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
Test your knowledge of the Micro-Channel Concept in trading with this quiz! Learn about the minimum requirements and pattern identification techniques for using this strategy effectively. Put your experience to the test and see how well you understand this indicator-free approach to trading.
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