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.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.