Technical analysis
Channel
A channel is formed by two parallel trendlines between which price moves, up, down or sideways.
A channel is formed by two parallel trendlines between which price moves, up, down or sideways.
The channel helps anticipate where price may bounce or stall. Traders often buy near the bottom of the channel and target the top, as long as the channel holds. Its break signals a change of pace.
Price advances between two rising parallel lines: an upward channel.
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