This is TATASTEEL 4 hour time frame chart.
When the market breaks the parallel channel, then the movement of the market is a downside,
it means that the parallel works as the channel support and resistance.
I think if the 3 parallel channels are broken then the market will be down
1)parallel channel
2)support
3)resistance
Thank you
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
When the market breaks the parallel channel, then the movement of the market is a downside,
it means that the parallel works as the channel support and resistance.
I think if the 3 parallel channels are broken then the market will be down
1)parallel channel
2)support
3)resistance
Thank you
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------