The “20:20” method – how do experts read the chart?

The 20/20 Channel Breakout Trading System is a simple system that was first suggested by Richard Donchian. Richard Donchian is considered to be a pioneer of technical analysis. He was the first person to talk about channel breakouts. He suggested a 4 week rule for trading channel breakouts. It was Richard Dennis, a famous commodity trader, who used this channel breakout trading system extensively and made a fortune in the commodities market.

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