A channel chart pattern is a period of consolidation before the price is forced to break out or down.
The channel width is expected target both side.
As price is hovering close to high probability of breakout upside is higher.
The channel width is expected target both side.
As price is hovering close to high probability of breakout upside is higher.
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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.