Question 42—Channels as Price Targets
Find the correct statement about using channels as price targets:
1. A powerful upmove on the weekly charts is the best time to target channels on the dailies.
2. Uptrends rarely show an orderly pattern of tops and bottoms.
3. The best time to go long in an uptrend is when prices hit the upper channel.
4. It does not pay to sell at a channel because prices may rally higher.
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