Price is travelling between two parallel channels
1. if price takes support at the buying zone and parallel channel then price moves up.
2. else price may go sideways or may break the channel and continue to move downwards.
1. if price takes support at the buying zone and parallel channel then price moves up.
2. else price may go sideways or may break the channel and continue to move downwards.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.