Definition
Two parallel lines drawn along a trend's peaks and dips, showing price moving within a steady lane.
The story
In a rising channel, price keeps bouncing between a lower line along the dips and an upper line along the peaks, both sloping up at the same angle. Traders watch the edges of the lane and what happens if price leaves it.
Why you'll see it
Channels help describe how orderly a trend is.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms