Aryan Private Trading Community - APTC

ফ্লোর প্রত‌্যাহার

Ascending Channel Pattern👇
Descending Channel Pattern👇
continuation pattern

The channel price pattern is a fairly common sight in trending moves that have good volume and acts as a delayed continuation pattern. Note that the channel pattern is similar to the flag in that they both have periods of consolidation between parallel trendlines, but the channel pattern is generally wider and consists of many more bars which increases its strength and success rate.

The ascending channel pattern is defined by a bullish trending move followed by a series of lower highs and lower lows, that form parallel trendlines containing price. The descending channel pattern is defined by a bearish trending move followed by a series of higher lows and higher highs, that form parallel trendlines that contain price.

This pattern is complete when price breaks through the upper trendline in an ascending channel or below the lower trendline in a descending channel pattern. The pattern is considered successful when price has achieved a movement from the outer edge of the pattern equal to the distance of the initial trending move that started the channel pattern.