Channel down (bearish)
CURRENT CONFIDENCE = 31%
BREAKOUT (ENTRY) PRICE = 0.007453 GBP
TARGET (EXIT) PRICE = 0.007401 GBP
DISTANCE TO TARGET PRICE = 1.06% (7.9 pips)
Tickeron AI shows that the Channel Down pattern shows a clearly defined downtrend and describes the behavior of the price contained between downward sloping parallel lines. Lower lows and lower highs characterize this price pattern. This pattern is created via a lower trendline connecting the swing lows (1, 3, 5), and an upper channel line that joins the swing highs (2, 4, 6).
A breakdown below a descending channel’s resistance line points to a continuation of the decline momentum, while a break out above the channel’s resistance line can show a possible trend change.
BREAKOUT (ENTRY) PRICE = 0.007453 GBP
TARGET (EXIT) PRICE = 0.007401 GBP
DISTANCE TO TARGET PRICE = 1.06% (7.9 pips)
Tickeron AI shows that the Channel Down pattern shows a clearly defined downtrend and describes the behavior of the price contained between downward sloping parallel lines. Lower lows and lower highs characterize this price pattern. This pattern is created via a lower trendline connecting the swing lows (1, 3, 5), and an upper channel line that joins the swing highs (2, 4, 6).
A breakdown below a descending channel’s resistance line points to a continuation of the decline momentum, while a break out above the channel’s resistance line can show a possible trend change.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.