A price channels is a pair of parallel trend lines that form a chart pattern for a stock or commodity. 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”
A price channel is used in technical analysis to chart the price action of a security between two parallel lines.
An upward trending price channel will have trendlines with a positive slope indicating that the price is trending higher with each price change.
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