In this lesson of Module 2, Workshop 4, we will discuss the concept of Dynamic Channel.
And we will learn how to update the Dynamic Channel.
You have learned in module one, how to draw a dynamic support line by connecting the troughs of two swing lows.
You also mastered how to draw a dynamic resistance line by connecting the peaks of 2 swing highs.
These two lines of Dynamic support and dynamic resistance combined, form a dynamic channel.
You will see a variation of these channels in the live markets And how their slopes and ranges change dynamically over time
Update the Dynamic Channel:
You have learned how to draw a dynamic channel and have seen a variety of channels with different slopes and shapes.
You will see a variation of these channels in live markets And will practice how to update your Dynamic channel as the market unfolds,