Technical_Analysis_page_340

Technical | Analysis page 340 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 15 Bar Chart Patterns 311 break out, in one direction or the other. The pattern can have a slight tilt upward or downward, but the trend lines defining the support and resistance zones are always parallel. It appears simi- lar to a horizontal channel. It often has false or premature…