Technical AnalysisTechnical Analysis Series #1: Rising & Falling Channels
We’re kicking off our Technical Analysis (TA) series with one of the most effective price action patterns—Rising & Falling Channels. These formations occur when price movements are confined between two parallel trendlines, representing dynamic support and resistance levels.
Why Channels Matter in Market Analysis:
✔️ They provide insights into trend direction and momentum.
✔️ Highlight key areas where price is likely to react.
✔️ Can be applied across all timeframes and asset classes.
Mastering channel patterns can significantly enhance trading strategies, making them a must-know tool for any market participant. Stay tuned—more powerful patterns will be unveiled soon!
P.S. A big shoutout to GLS Global, an industry-leading market maker, for their insights! Want to learn more? Check out my X profile for further details.
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