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Infratel - Perfect example of bearish price channel.
Infratel - Perfect example of bearish price Channel.
A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance.
How to trade this?
1. When the price hits the top of the channel, take a short position/exit long position
2. When the price hits the bottom of the channel, cover your existing short position/take a long position.
A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance.
How to trade this?
1. When the price hits the top of the channel, take a short position/exit long position
2. When the price hits the bottom of the channel, cover your existing short position/take a long position.
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