Trend channels are parallel lines containing a smaller or larger price move. The unparallel lines of a triangle formation also are a trend channel. The lower and upper borders of a trend channel show the current market trend.
The channel is directed upwards in an bullish trend and downwards in a bearish trend. In case if there are no certain price movements tendencies at the market, the channel is taking a horizontal position.
Trend channels are formed with trend lines.
Trend lines are very important for both trend identification and determining of support and resistance levels.
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