Price channels

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by DanielPenfield (talk | contribs) at 10:30, 30 November 2014 (+see also). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Trend channel

A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity.[1] Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a "breakout".[2]

References

  1. ^ Murphy, pages 80-85
  2. ^ Murphy, pages 400-401
  • John J. Murphy, Technical Analysis of the Financial Markets, New York Institute of Finance, 1999, ISBN 0-7352-0066-1

See also

Retrieved from "https://en.wikipedia.org/w/index.php?title=Price_channels&oldid=636011012"