A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity.[1] Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a "breakout".[2]
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Stock Chart Patterns: Price Channels and How to use them in Stock Trading
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Trading Price Action like a Pro... Channels
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How To Draw And Use Trading Channels
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References
Further reading
- John J. Murphy, Technical Analysis of the Financial Markets, New York Institute of Finance, 1999, ISBN 0-7352-0066-1
See also
This page was last edited on 25 February 2024, at 15:51