Pharaohs the trendlines and the trend in Channel lines candlesticks
Pharaohs the trendlines and the trend in Channel lines candlesticks
Pharaoh the trendlines are trendlines that are drawn on the trading chart following the concept that the pharaohs
of Egypt used to rule. In ancient Egypt, the pharaohs used to draw lines and divide Egypt into monotheism
so that they could be able to impose the one cult of their god Aton. So, the trader draws pharaohs the trendlines
to divide the chart in a way to enable them to zero in on a certain trend.
For a better trading experience, it is always good to use pharaohs the trendlines in combination with the
trend in channel lines. In a nut shell, a channel line is a line that is drawn parallel to the main trend line.
The channel lines are mostly based on highs and lows. Therefore the channels lines can be drawn below and above
the candlesticks with the main trend line at the middle.