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Nov 3, 2018 2:07 AM

Infratel - Perfect example of bearish price channel. Education

Description

Infratel - Perfect example of bearish price Channel.

A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance.

How to trade this?

1. When the price hits the top of the channel, take a short position/exit long position

2. When the price hits the bottom of the channel, cover your existing short position/take a long position.

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