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Parallel Channel the Most Underrated Tool in Technical Analysis

490
Markets often move in Channels be it range bound, Strong Up or Down.
Channel helps to project direction and next reversal points.

Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense.

Details are added on chart. Happy Learning.
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Parallel Channel

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Parallel Channel
Niftydirection
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Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.