Stock channeling stock - rising channel and falling channel

Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) considered bullish and falling channel is bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1 Buy channeling stock on support and sell on resistance.
# 2 For bullish channel - sell channeling stock when price brakes stock channeling support line. For bearish channel ? buy channeling stock when price breaks resistance line.
Tips:
# 1 For the best results stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.