• Home
  • Strategies
  • VPS
  • Education
    • Trading Basics
      • Forex Basics
      • Who Trades Forex and Why?
      • Learn to Trade
    • Top Cryptocurrencies
      • What is Cryptocurrency?
      • The Major Cryptocurrencies Traded Globally
      • Cryptocurrency Liquidity
      • Cryptocurrency Trading Strategies
      • Basic Understanding of Bitcoin
      • Basic Understanding of Ethereum and Its Currency Ether
  • About Us
  • Contact
  • FAQ
  • Glossary
Derivatives
April 13, 2020
Slovenia Tolars
April 13, 2020

Descending Trend Channel

Published by TradersColo at April 13, 2020
Categories
Tags

    A descending trend channel is a basic chart pattern formed by two parallel trendlines. These two trendlines are going through the high prices and low prices to show a short-term downward trend in the market. The space between the trendlines refers to the descending channel.

    Like the ascending trend channel, a descending trend channel is a technical analysis to estimate if the trend will continue. When prices fluctuate between two trendlines, the overall downward trend will remain the same. If prices break out of the channel, it indicates a signal of either buy (break upward) or sell (break downward).

    Share
    0
    TradersColo
    TradersColo

    Cookies

    Privacy Policy

    Risk Disclosure

    Terms of Use

    Follow TradersColo

    © 2020 Traderscolo. All Rights Reserved.