Price channels
Encyclopedia
A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. 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".
Support (technical analysis)
Support and resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels.- Support :...
or resistance, the trend is said to be broken and there is a "breakout".
External links
- How To Trade the Channel Chart Pattern at StockChartPatterns.org