A price channel for a stock can be drawn by drawing lines connecting the stock price's peaks and lows over a period of time. Price channeling can be a very effective tool for stock analysis. Price channels require at least four points of contact (two each for the upper and lower lines). Price channels can move either upwards, downwards, or stay flat, but the two lines must be approximately parallel.

If a stock has fluctuated between approximately consistent highs and lows, a trader can use channeling to predict price peaks and lows in real time, and trade with that information. Channeling, therefore, is best for moderately volatile stocks which experience regular peaks and troughs. A breakout of a technical channel is seen as a bullish (on an upward breakout) or bearish signal (on a downward breakout). It is nearly impossible to predict a breakout of a stock from its channel, but if it does happening, channeling loses its relevance as a predictive indicator.
AbdorhmanThi AbdorhmanThi AUDUSD, 60, Short , 12 hours ago
AUDUSD: AUDUSD: Short Bearish Bat Pattern
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AUDUSD, 60 Short
AUDUSD: Short Bearish Bat Pattern
AUDUSD broke the trend last week. It has then been retesting this line. Overall outlook for AUDUSD is short and we see that a bearish bat is forming along the trendline. Great area to sell with two targets. The traditional target based on the pattern and the maximum target of .7320.
6.1.8.Family 6.1.8.Family GBPAUD, 240, Short , a day ago
GBPAUD: A Possible Correction Of The Entire Wave Up?
77 1 8
GBPAUD, 240 Short
A Possible Correction Of The Entire Wave Up?
Price has made 3 legs up ( leg 1, leg 2 & leg 3 ). So is it time for a correction of the entire wave up before the bulls come dominating again? What is not clear is if that's the end leg 3. However, if price breaks the mini trendline and holds, that could be the beginning of the correction. On the contrary, if ...
alex777v alex777v NZDCAD, W, Short , 14 hours ago
NZDCAD: NZD/CAD setting up for a breakout to the downside
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NZD/CAD setting up for a breakout to the downside
Hello traders, wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel ...
Abdullah_x47 Abdullah_x47 XAUUSD, D, Short , 17 hours ago
XAUUSD: Gold overcast
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Gold overcast
Oversold. Yet the pair has completed a Fib cycle at 161.8% retracement. It seems that after a little correction the pair might fall and continue its bearish trend. It might be up for another Fib cycle. Seems that it would go up a little for correction and then the downfall would continue. Support and resistance ...
Abdullah_x47 Abdullah_x47 EURUSD, 240, Short , 18 hours ago
EURUSD: EURUSD Intra-day Supports/Resistances
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EURUSD, 240 Short
EURUSD Intra-day Supports/Resistances
Following the Italian Constitutional Referendum, the pair is most likely to break the strong support level and make a new one. Market is also very volatile.The supports and resistances for the intra day trading are illustrated on the chart. The indicators like Stochastics also indicate that the pair is overbought. ...
lirimberisha30 lirimberisha30 AUDUSD, 120, 15 hours ago
15 0 1
In this idea i put the trendlines of AUD/USD .You can clearly see how chart follow those trends...
CharlesBourgeois CharlesBourgeois SPX500, D, Short , 2 days ago
SPX500: SPX500: The Big Channel
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SPX500, D Short
SPX500: The Big Channel
Broke the wedge last week. Back at it with the uptrend channel.
faris.makki faris.makki AUDUSD, 30, Short , a month ago
158 1 5
AUDUSD, 30 Short
Bullish sentiment weakening. short the break of bullish trend line. TP is safe and modest right next to recent lows. Risk/Reward reasonable Multiple approaches: 1) Short the break. 2) OR wait for consolidation of the new resistance after the break (safe) 3) short when 0.77071 (before or after breakout - high ...
NeeteshJain NeeteshJain PRO NG1!, M, Long , 2 months ago
NG1!: Natural Gas Futures - Indicates "Change in Trend"
272 2 12
NG1!, M Long
Natural Gas Futures - Indicates "Change in Trend"
On monthly chart, the price action indicates a change in trend. Why is it a Change in Trend: 1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel. 2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of ...
Wave-Trader Wave-Trader TOP NZDJPY, D, Short , 3 months ago
NZDJPY: NZDJPY Sell setup in the corrective Descending Bearish Channel
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NZDJPY Sell setup in the corrective Descending Bearish Channel
Break up will invalidate idea. Moving amazingly as i was speculating it long ago please look at my NZDJPY Ideas.
henriqetome henriqetome GBPJPY, 60, 2 days ago
64 0 3
GBPJPY H1 chart
i would say we can put pendent orders and put s.l behind the uptrend side. It's much likely the trend get down a bit, because it closed on bearish level
Sospriceaction Sospriceaction GBPCHF, 60, 2 days ago
GBPCHF: GBP/CHF: wait for a breakout confimation
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GBP/CHF: wait for a breakout confimation
GBP/CHF made the breakout of the bullish channel, returning again marked on 1 December highs. If the breakout would confirm, it might be a good opprtunità for long inputs. My suggestion is to wait for a confirmation, because a return inside the channel would change all the technical framework of the hourly chart, ...
Fxhunters Fxhunters GOLD, W, Long , 3 days ago
GOLD: my mapping to watch gold direction before federal rate
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GOLD, W Long
my mapping to watch gold direction before federal rate
base on elliote wave fibonacci level and trend line
Salvi Salvi NZDUSD, 240, Short , 2 days ago
NZDUSD: Sellers in control :D
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NZDUSD, 240 Short
Sellers in control :D
Look at the chart... No numbers: just persons :P
eaglestar eaglestar ES1!, 60, 2 days ago
ES1!: SandP 500 E-Mini Futures 60 CME Updated 12/2/2016
25 1 5
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 12/2/2016
Price has come down and started to make a new AR set. Look for price to continue to drift and show possible small bounce at 2181, then if it breaks to 2150 area, if price holds in the downward AR set to go lower.
eaglestar eaglestar ES1!, 240, 2 days ago
ES1!: SandP 500 E-Mini Futures 240 CME Updated 12/2/2016
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ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 12/2/2016
Price has drifted down to 2184 and is starting to break minor support at 2198. Look to see if price can give a good retest of the pink upper median line to signal continued down momentum.
Wave-Trader Wave-Trader TOP CADCHF, D, Short , 2 months ago
CADCHF: CADCHF an other amazing short setup forming
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CADCHF an other amazing short setup forming
I am expecting short again near the channel line like before we were selling this pair every time whenever price came close to the upper channel line again we have the same setup. Please remember if price break up with strong impulse and change the structure and patterns then i will revisit my idea and will look ...
Wave-Trader Wave-Trader TOP USDCHF, D, Short , 2 months ago
USDCHF: USDCHF Watching price action for sell break up possible
4836 26 97
USDCHF Watching price action for sell break up possible
I am USDCHF for short term sell. If price hold potential reversal point then i will look for short. In case price break up then it will change the structure in that case i will look for buy.
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