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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

Channel Line Types

While trendlines mark rising support in a rising breadth of trading and falling resistance in a falling breadth, channel lines further define a dynamic trend. When a trend moves in a bullish or bearish manner but maintains its breadth of trading, it is exceptional. The controlled volatility of such a move adds strength to the trend; it also provides a method for identifying when the trend is leveling out or likely to reverse.

The channel lines consist of two parallel lines drawn above resistance and below support. The more narrow the breadth and the longer the channel persists, the stronger the trend. Like trendlines, both channel lines are drawn at low and high points and connected. For example, Figure 4.12 shows a rising ...

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Publisher Resources

ISBN: 9780134190662Purchase book