Detail Look into Parallel Channel In Price Action Analysis

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골드 스팟 / 미국 달러 (OANDA:XAUUSD)

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OANDA:XAUUSD 골드 스팟 / 미국 달러

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Hello everyone:

Let's take another detailed look into some parallel channels structures/patterns in price action analysis.

Recall my previous educational video on Ascending/descending channel correction, they are higher probability reversal price action structures/patterns.

Today I want to go over the horizontal parallel channel structures/patterns as well where they are more neutral,
more advanced to analyze and forecast the potential direction of the impulse phase following after.

Let's take a look into some of these horizontal parallel channel corrections, and break them down more.

In my opinion, the longer, deeper these types of parallel channels go, the stronger the next impulsive phase will be.
Although they can be tricky depending on whether they are continuation or reversal correction.

I will go over for examples in different markets to pinpoint some of these price action structures/patterns.

Below are some of the important topics that I mentioned in the video.

Reversal Ascending/Descending Channel

Closer look at Ascending/Descending structure price action