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Channel
Technical AnalysisTwo parallel trendlines that contain price action. Ascending channels slope up (bullish), descending channels slope down (bearish), and horizontal channels indicate range-bound markets.
Related Terms
Trendline
A diagonal line connecting two or more swing highs (downtrend) or swing lows (uptrend).
Support
A price level where buying pressure tends to overcome selling pressure, causing the price to stall or bounce upward.
Resistance
A price level where selling pressure tends to overcome buying pressure, causing the price to stall or reverse downward.