Delivering technical research of the financial markets and offering professional guidance for those who wish to improve their trading performance.
Chart Patterns
Price Channel
Pattern Description:
A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support. Price channels with negative slopes are considered bearish and those with positive slopes bullish. A price channel can also be described as a technical overlay that forms boundaries above and below the price line based on previous highs and lows.
Featured Video
What the experts are saying about MetaStock
Trading experts Rob Hoffman, Logan Connors, Stuart McPhee, and Vince Vora discuss why they like MetaStock and why the recommend it to other traders.
Featured Article
The Pin Bar Candlestick Pattern
by Tim Straiton
Pin bars belong to the most high probability reversal candlestick patterns which exist. Both bullish and bearish pin bars have a long wick and a very short body.
A bullish pin bar should have opening and closing levels as close to the wick high as possible. Whether a close higher than the opening is ideal but of secondary importance. Look for the appearance of a bullish pin bar after a prolonged market decline. A pattern confirmation requires the following close to be higher than...
It is designed to educate investors of all experience levels. We interview real traders, discuss their trading journey, and lessons they learned along th e way, both positive and negative.
