Sentences with phrase «parallel trend lines»

The pattern highlighted on the price chart is an ascending channel and it is created using two upward - sloping parallel trend lines.

The equidistant channel is formed when price action finds support and resistance between two parallel trend lines.

An equidistant channel is formed by two parallel trend lines — one acts as support while the other acts as resistance

This refers to the parallel trend lines that are an equal distance apart from one another.

The best way is to simply find a clean trend line and then look to see if a parallel trend line is also being respected by the market.

Not exact matches

Interestingly, the trend line is almost parallel with Labour's, suggesting that the parties are not competing for votes as much equally siphoning votes from Yesh Atid.

During that phase, price action bounces between the trend line and the parallel line.

By extending a parallel line from the trend line, we can form a trading channel that is useful for anticipating support and resistance areas.

So that, your chart, once plotted, gives you a series of parallel ascending / descending trend / support and resistance lines that tend to be respected or repeatedly tested, then broken by price action?

And these two lines are parallel to the overall trend.