Stock first Chance the trend with heavy volume and then price has consolidate in a horizontal parallel channel.
A horizontal channel is formed by two parallel horizontal lines that frame the evolution of the price.
The upper line is called the "resistance line".
The lower line is called the "support line".
A horizontal channel is confirmed/valid if it has good...
Here we can see the cup and handle pattern.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
The price is trading in the crucial level of the resistance.
The price here can take resistance...