Pattern Trading pattern description

SIDEWAYS_CHANNEL-pattern

Sideway Channel

A sideways channel, also known as a horizontal channel or trading range, is a technical chart pattern formed by two almost horizontal trendlines, one connecting the swing highs (price peaks) and the other connecting the swing lows (price dips). It portrays a period of price consolidation, where the asset trades within a defined horizontal range with no clear upward or downward trend.

Sideway Channel, more examples

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