A channel is a pattern used in the technical analysis of financial markets that defines the movement of the price of an asset between the upper and lower lines of the pattern (parallel lines). Channels can be bullish, bearish, or sideways.
They are reversal patterns, meaning they indicate a signal for a change in trend.
When it comes to trading them, there are...
This charts shows the possible areas where one can look for trading opportunities (through Price Action Strategy) and be profitable from it. Swing Trading is better for beginners in Stock Market and Price Action is one of the ways to approach Stock Market. Through Price Action, one can identify the current market structure (uptrend/downtrend/sideways) and so...
WaveTalks - Nifty: Channel Trading Strategy
There are three (3) types of channels:
1. Ascending Channel (higher highs and higher lows)
2. Descending Channel (lower highs and lower lows)
3. Horizontal Channel (ranging)
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Ascending channel
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An Ascending channel is a pattern formed from two upward trendlines drawn...
I always follow the KIS (Keep It Simple) principle in my trading. I simply trade what my chart says.
Bank Nifty has been trading in an upward rising channel. So, which side to choose (bullish/bearish) is self explanatory.
But, let me just put it out for you. As you may see on the chart that the upper channel line is acting as a good resistance and the lower...
