Price channels

Price channels
Trend channel

A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity.[1] Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance, the trend is said to be broken and there is a "breakout".[2]

References

  1. ^ Murphy, pages 80-85
  2. ^ Murphy, pages 400-401
  • John J. Murphy, Technical Analysis of the Financial Markets, New York Institute of Finance, 1999, ISBN 0-7352-0066-1

External links

v · Technical analysis
Concepts
Support and resistance · Trend line · Breakout · Market trend · Dead cat bounce · Elliott wave principle · Fibonacci retracements · Pivot point · Dow theory
Charts
Patterns
Head and shoulders · Cup and handle · Double top and double bottom · Triple top and triple bottom · Broadening top · Price channels · Wedge pattern · Triangle · Flag and pennant · Island reversal · Gap
Candlestick
Simple
Doji · Hammer · Hanging man  · Inverted hammer · Shooting star  · Marubozu · Spinning top
Complex
Three white soldiers · Three Black Crows · Morning star · Hikkake pattern
Indicators
Average Directional Index (ADX) · Ichimoku Kinkō Hyō · Moving Average Convergence/Divergence (MACD) · Mass Index · Moving average (MA) · Parabolic SAR (SAR) · Smart Money Index (SMI) · Trix · Vortex Indicator (VI) · Know sure thing oscillator (KST)
Relative Strength Index (RSI) · Stochastic oscillator · True Strength Index (TSI) · Williams %R (%R)
Volume
Accumulation/Distribution Index · Money Flow Index (MFI) · On-balance volume (OBV) · Volume Price Trend (VPT) · Force Index (FI) · Negative volume index (NVI) · Ease of movement · Put/call ratio (PCR)
Other

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