(Down Trending Channel)
A breakout occurs when prices break out above the resistance line or breakout below the support line. For an up-trending channel, typically a sell signal is given when prices break below the upward sloping support line.
A breakout occurs when prices break out above the resistance line or breakout below the support line. For an up-trending channel, typically a sell signal is given when prices break below the upward sloping support line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.