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Tellin_Fibs

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Tellin_Fibs

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Monday, 07/28/2014 4:15:54 AM

Monday, July 28, 2014 4:15:54 AM

Post# of 2804248
Compensated Awareness Post View Disclaimer
A channel upturn and break above the upper trendline can signal the start of an uptrend. A channel downturn and break below the lower trendline can signal the start a downtrend. Sometimes a strong trend does not take hold after a channel breakout and prices oscillate between the channel lines. Such trading ranges are marked by a relatively flat moving average. The channel boundaries can then be used to identify overbought and oversold levels for trading purposes.
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