Technical Analysis
Charts
Price Fields
Support/Resistance
Pivots
Trend Lines
Moving Averages
Fibonacci Numbers
Gann Lines
Chart Patterns
Head and Shoulders
Symmetrical Triangles
Flags and Pennants
Wedges
Channel Formation
Cup and Handle
Double/Triple Tops
Indicators
Stochastics
Relative Strength Index
Commodity Channel Index
Bollinger Bands
MACD
Herrick Payoff Index
Volume
ADX
Sierra Charts
Channel Pattern moving in an Uptrend (Bullish)
Channel Pattern moving in a Downtrend (Bearish)
The Channel Pattern is considered a continuation pattern. They are an area of indecision and usually resolve in the direction of the trend. They are described as, the same highs being constantly tested as are the same lows.
