Bearish Channel
A bearish channel is a technical chart pattern formed by two parallel downward-sloping trendlines, one connecting the swing highs (price peaks) and the other connecting the swing lows (price dips). It visually depicts a downward trend with some volatility, where the price generally stays within the defined boundaries. The channel suggests that selling pressure might dominate, indicating a possible downward trend.
Bearish Channel, more examples
Quotes and other market data may be delayed by 15 minutes or more. Financial data is provided by financial exchanges and other content providers and may be delayed as specified by financial exchanges or other data providers. AfterPullback does not verify any data and disclaims any obligation to do so. The information contained on this website is not intended as, and shall not be understood as, financial advice. The website does not operated by attorney, accountant or financial advisor and the information contained on this website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. Nothing available on or through this website should be understood as a recommendation that you should not consult with a financial professional to address your particular information.