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jcollet

Ascending Parallel Channel

Long
Nasdaq, Inc. (NASDAQ:NDAQ)  
jcollet  
NASDAQ:NDAQ   Nasdaq, Inc.
Parallel Channel Chart Patterns
2
0
parallelchannel chartpattern
In the following chart we can observe that the trend still continuous from a really long time giving us a sign of a parallel channel.

Being the trend an upper trend we can place a ascending parallel channel.

Placing the resistance and support lines withing the paralel channel we can expect a long position on this pattern.

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