Channels Patterns
Rectangle patterns are continuation patterns showing indecision in trader’s sentiment about bullish and bearish conditions. Rectangle patterns are reliable patterns since the direction of the breakout/breakdown is known during the rectangle formation. These patterns are continuous and follow in the same prior direction (Up or Down) after the pattern formation. Rectangle formations are bound by two horizontal trend lines, where prices oscillate between the highs and lows. The prices must intersect these trend lines at least twice before a breakout or breakdown can result. The volume within the pattern is usually quiet and increases during the breakout/breakdown stages.
WFM_CHANNEL_Mar24179.png
CHKP_CHANNEL_Mar231722.png
WYNN_CHANNEL_Mar231715.png
WYNN_CHANNEL_Mar17175.png
TSLA_CHANNEL_Mar16171.png
AZO_CHANNEL_Mar15172.png
TSLA_CHANNEL_Mar15179.png
TSLA_CHANNEL_Mar14175.png
UAL_CHANNEL_Mar14173.png
UAL_CHANNEL_Mar141721.png
TSLA_CHANNEL_Mar141718.png
UAL_CHANNEL_Mar131715.png
WYNN_CHANNEL_Mar131713.png
FFTY_CHANNEL_Mar13177.png
TSLA_CHANNEL_Mar081715.png
TSLA_CHANNEL_Mar08178.png
TSLA_CHANNEL_Mar07171.png
WYNN_CHANNEL_FEB271713.png
CTRP_CHANNEL_FEB23171.png
AZO_CHANNEL_FEB16175.png
DXY_CHANNEL_FEB13175.png
CHKP_CHANNEL_FEB08179.png
CHKP_CHANNEL_FEB07178.png
AMGN_CHANNEL_Jan27173.png
CHKP_CHANNEL_Jan13176.png
LULU_CHANNEL_Dec08169.png
CAVM_CHANNEL_Dec07169.png
WYNN_CHANNEL_Nov111613.png
WYNN_CHANNEL_Nov021620.png
WYNN_CHANNEL_Oct251616.png