Tradechannels

EPAM: AI Winner Trading at Multi-Year Channel Support $NYSE: EPAM Systems (EPAM) just delivered a quarter that perfectly explains the current market environment: Fundamentals were actually solid… But guidance and macro fears crushed sentiment. The company reported: 7.6% YoY revenue growth Nearly 19% EPS growth Improving margins AI revenue above $125M in Q1 alone At the same time, management lowered full-year growth expectations because of: Slower enterprise decision-making Weaker North American demand Broader macro uncertainty T

by Market_Atlas

How To Trade Channels?The above chart shows what is called a “channel” in trading. It is basically diagonal support and resistance (a.k.a Trend-lines). The area in between is known as a channel. The red zone is said to be the perfect entry area for sells whereas the green is for buys. How To Find The Zones? Using the “Parallel Lines” tool, draw the diagonal S/R then measure the first candle/wick that starts the channel and that area is where you would get entries with the least possible drawdown.