Price Excessing Parallel Channel
The trend is an uptrend.
I have drawn a parallel channel. In it, the gravitational line is acting as a resistance line. The upper boundary and lower boundary has excess.
Price is moving out of the parallel channel creating the excess points.
The support points of the parallel channel are buying points.
I have drawn a parallel channel. In it, the gravitational line is acting as a resistance line. The upper boundary and lower boundary has excess.
Price is moving out of the parallel channel creating the excess points.
The support points of the parallel channel are buying points.
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