II.7. The concept of “channel”.

The price movement between two horizontal levels as in Fig. 35 forms a horizontal price movement channel.

Channels can also be inclined, which also allows us to build a number of interesting trading strategies. Let ‘s show with examples.

Fig.39. The inclined channel for VTB JSC shares.

Рис.40. Наклонный канал на акции «Yandex».