like this chart style mr james. my trading style is like this. trading on the trending market with channeling
Price going down, probably to the channel's support.
Waiting to re-enter long
Price continued uptrend and I missed the entry
Analysis still holds, just moved the lines forward
Yellow channel is possible target
Most powerful support resistance points are intersection points of different support resistance lines.
With this technique, it's easy to spot entry and exit levels as they are simply the nearest (or one back) support/resistance levels
I've provided 3 different scenarios - check the 3 different lines diagrams
I don't assume it will happen in the same timeframe I've charted it, but one of the 3 is likely to happen
This has also formed a minor channel - next move is to re-enter a long on a retrace to the channel's support