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| 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) are considered bullish and the falling channel is considered as 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 breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the 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. |
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| Stock Chart Patterns. |
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Price chart is the result of activity of all market
participants. It reflects periods of high expectations,
greed and fear. As most emotional human activities, it
presents different patterns. Chart analysis and pattern recognition provide
useful information for technical analysis, trend analysis and market
timing signals for technical trading.
Trendlines and chart patterns can be analyzed in different time
frames: from intraday, daily and weekly frames, up to
multi-year patterns. It is the best practice to
analyze patterns in conjunction with other technical
indicators.
Each price pattern is formed by several smaller sub
waves. At least 3 – 4 sub waves are required to perform
a reliable pattern screening. We use minimal required number of sub
waves for an earlier pattern recognition screener. On the other
hand, pattern formed with more sub waves is more
reliable. |
Pattern screener - chart analysis and stock chart pattern recognition with chart patterns screening. |
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| Trend Line Resistance Trend Line Support Resistance. |
| Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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