How To Use The Price Channel Pattern To Gain More Profits
How To Use The Price Channel Pattern To Gain More Profits
Nov 22, 2017
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Price channels are one of the cleanest ways to spot breakouts, especially for short-term trades. Richard Donchian, often called the father of trend following, showed how simple high–low channels reveal when price is ready to move. This strategy uses the same logic: when price breaks above resistance or below support, momentum follows. A study in the Journal of Technical Analysis found that breakout systems outperform random entries and work well across currencies, crypto, and stocks — especially
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