S&P CNX NIFTY INDEX FUTURESEducation
Ascending Channel Pattern
1. What is the Ascending channel pattern?
- Price trade within the range in an up trend, it forms a higher high and higher
low.
- The channel provides support and resistance
- Until prices continue to advance trade within the channel
- Volume Activity turns stagnant
2. How to trade it?
- If it breaks above the resistance line, extrapolate the channel range from point of the breakout point.
- If it breaks down the support line, extrapolate the channel range from point of breakdown point.
- Price trade within the range in an up trend, it forms a higher high and higher
low.
- The channel provides support and resistance
- Until prices continue to advance trade within the channel
- Volume Activity turns stagnant
2. How to trade it?
- If it breaks above the resistance line, extrapolate the channel range from point of the breakout point.
- If it breaks down the support line, extrapolate the channel range from point of breakdown point.
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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.
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.