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GreenReeper

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GreenReeper

Re: None

Friday, 12/08/2017 10:04:13 PM

Friday, December 08, 2017 10:04:13 PM

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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