NQ Channels and Historical S&R 7/8/2020

This is the NQ at the 4 hour view since the rally began in March. The solid red/orange/blue lines are historical supports and resistances from 2001-2018. The dotted and dashed lines are the current upward channel that the NQ has been in since April. As you may see, the NQ was stopped by a historical resistance and the top of my channel.

My trading strategy is simple. Buy longs near the bottom of the channel. Short near the top of the channel. It's been working so far.