A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a “falling channel” or “channel down“. The more such reversals occur, the more reliable the pattern.
There are three scenarios the price rises after breakout,
the...
This is an example of how I mark my charts while taking trades.
Defensive trading strategies are very good for sideways markets. The indices around the world are sideways and not making any fresh highs or lows.
The principle that I have explained on the charts is ideal for protecting your capital and has a higher chance of succeeding. When the price moves to...