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Technical Analysis

Charts

Price Fields

Support/Resistance

Pivots

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Fibonacci Numbers 

Gann Lines

Chart Patterns

Head and Shoulders

Symmetrical Triangles

Flags and Pennants

Wedges

Channel Formation

Cup and Handle

Double/Triple Tops

Indicators

Stochastics

Relative Strength Index

Commodity Channel Index

Bollinger Bands

MACD

Herrick Payoff Index

Volume

ADX

Sierra Charts

Stochastics
 
 

Channel Formation


Channel Pattern moving in an Uptrend
(Bullish)


Channel Pattern moving in a Downtrend
(Bearish)

The Channel Pattern is considered a continuation pattern. They are an area of indecision and usually resolve in the direction of the trend. They are described as, the same highs being constantly tested as are the same lows.

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