A trend channel is a type of chart annotation that is usually drawn between two price resistance points and a price support point or two price support points and a resistance point. Once drawn, a trend line will be drawn between the two resistance/support points and a trend channel line will be drawn with the same slope from the single support/resistance point. Both the trend line and trend channel lines will extend indefinitely to the right. When future prices approach the trend line or trend channel extensions, it indicates a place of possible resistance or support for prices.

To draw a trend channel on a chart:

1. Select Trend Channel from the Drawing menu.
2. Click and hold the mouse button on the left most point of the desired trend line, drag the mouse with the button still depressed to the right most point of the trend line, and release the mouse button.
3. Click the mouse on the point through which the trend channel will be drawn using the same slope as the trend line drawn in 2 above.

To move an existing trend line:

1. Select a trend channel on the chart by clicking on a portion of the trend channel.
2. Once the trend channel is selected (highlighted with small squares):

• Click and drag, with the mouse button still depressed, a portion of the trend channel that does not have a selection box to move the entire trend channel.

• Click and drag, with the mouse button still depressed, a selection square on the trend channel to reposition only that point of the trend channel.

To delete an existing trend channel:

1. Select a trend channel on the chart by clicking on a portion of the trend channel.
2. Once the trend channel is selected (highlighted with small squares), press the Delete key or select Delete from the Edit menu.

Troubleshooting:

• When moving or deleting an annotation, you must make sure the mouse cursor has changed to a hand before clicking on the annotation. If the cursor is still an arrow or a cross hair, the selection will not occur.

Note:

• To continue drawing Trend channel annotations on the chart without having to reselect the menu item each time, select Remain in Drawing Mode from the Drawing menu. Once you are done drawing trend channels, simply select another type of annotation or unselect Remain in Drawing Mode.