Forex Technical Analysis
- What is Market Trend?
- Types of Trends
- Trend Classifications
- Information About Trendlines
- Trend Analysis and Timing
- Drawing Trendlines
- Trendlines I
- Trendlines II
- Trendlines III
- Channel Lines
- Find Price Support Levels
- Finding Price Resistance Levels
- 50% Retracements
- 33% and 66% Retracements
Channel Lines
When prices remain within two parallel trendlines they form a Channel. When prices hit the bottom trendline this may be used as a buying area. Similarly, when prices hit the upper trendline this may be used as a selling area.
