Price channels
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
Further reading
- John J. Murphy, Technical Analysis of the Financial Markets, New York Institute of Finance, 1999, ISBN 0-7352-0066-1
See also
- Bollinger bands
- Control chart
- Donchian channel
- Richard Donchian
- v
- t
- e
Technical analysis
- Breakout
- Dead cat bounce
- Dow theory
- Elliott wave principle
- Market trend
- Candlestick
- Renko
- Kagi
- Line
- Open-high-low-close
- Point and figure
- Line break
Chart |
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Candlestick |
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Point and figure |
Support & resistance |
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Trend |
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Momentum |
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Volume |
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Volatility | |
Breadth |
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Other |
- John Bollinger
- Ned Davis
- Charles Dow
- Ralph Nelson Elliott
- John Murphy
- Mark Hulbert