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Patterns > Channels      

Channel Chart Patterns

  • Pattern Type : Horizontal Channel bullish
  • Expectations : Trend Continuation if the stock price breaks or gaps above the resistance line (top trend line).
  • Description : Stock prices run between two evenly spaced trend lines over a period of weeks. The trend lines can be sloping in a pattern like this but not steeply.
  • Pattern Type : Down Channel
  • Expectations : Trend Reversal if the stock price breaks or gaps above the resistance line (top trend line).
  • Description : Stock prices run between two evenly spaced trend
    lines over a period of weeks. The trend lines slope down fairly steeply.
  • Pattern Type : Horizontal Channel bearish
  • Expectations : Trend Continuation if the stock price breaks or gaps below the support line (bottom trend line).
  • Description : Stock prices run between two evenly spaced trend lines over a period of weeks. The trend lines can be sloping in a pattern like this but not steeply.
  • Pattern Type : Up Channel bearish
  • Expectations : Trend Reversal if the stock price breaks or gaps below the support line (bottom trend line).
  • Description : Stock prices run between two evenly spaced trend lines over a period of weeks. The trend lines slope up fairly steeply.
   
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