MICRO TREND LINES ( MTL) , MICRO TREND CHANNEL LINE (MTCL), MICRO CHANNEL (MC) :

MICRO TREND LINES ( MTL) : It is the Trend Line connecting successive bar lows in up move and successive bar highs in down move. It's not necessary that each bar low or high should touch the line, but most of the bars should touch it. There is a very small or no pullback in the move. If a bar low break the low of previous bar (in up move) it fails immediately and the move continue and that breakdown failure bar high can be a good entry point to scalp. Usually there are big Trend Bars with small tails. Micro Trend Line ( MTL) are Trend Lines (TL) on smaller time frame.

MICRO TREND CHANNEL LINE (MTCL) : It is the Trend Channel Line connecting successive bar highs in up move and successive bar lows in down move. . It's not necessary that each bar low or high should touch the line, but most of the bars should touch it.

MICRO CHANNEL (MC) : Channel formed by TL and MTCL is called as Micro Channel (MC). Micro Channel move indicates a strong move and it's just a spike on higher time frame. Break down failure of MC in up move / uptrend and breakout failure of MC in down move / down trend can be successfully traded  with good risk: reward ratio. MC is mostly followed by bigger channel move which is also known as Spike and Channel  Setup. (SC).