Thu. Dec 1st, 2022

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Trend Channel

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A trend channel is a set of parallel trend lines defined by the highs and lows of an asset’s price action.
A trend channel, also sometimes called a price channel occurs when the worth is moving between two parallel trend lines.

A trading channel may be a channel drawn on a security price series chart by graphing two parallel trend lines drawn at resistance and support levels. Generally, traders believe that security prices will remain within a trading channel and can look to shop for at channel support and sell at channel resistance.

Trend channels are just another tool in technical analysis which may be wont to determine good places to shop for or sell.

The upper line marks resistance and therefore the lower line marks support. So both the tops and bottoms of channels represent potential areas of support or resistance.

Trend channels with a negative slope (down) are considered bearish and those with a positive slope (up) are considered bullish.

 

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