BAJFINANCE: Reversing from PC Support
Parallel Channel (PC) Analysis
The width of both channels PC a & PC B is exactly SAME!
How magical is the #parallelchannel and the candles respecting it!
Yesterday's candle took support at Mid of PC B
and today it is opened above it and the strong body is confirming the support.
We may see up move till upper lines of PC B and high chances of a breakout from there,
as already retraced for the recent breakout of PC A.
The width of both channels PC a & PC B is exactly SAME!
How magical is the #parallelchannel and the candles respecting it!
Yesterday's candle took support at Mid of PC B
and today it is opened above it and the strong body is confirming the support.
We may see up move till upper lines of PC B and high chances of a breakout from there,
as already retraced for the recent breakout of PC A.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.