https://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Tabelle mit Aufwärtstrend" aria-label="Emoji: Tabelle mit Aufwärtstrend">Trading Tip #4 - TREND CHANNELS

Drawing a parallel line at the same angle of a trend creates a channel.

The upper trend line marks resistance & the lower trend line marks support.

Both the top/bottom of channels represent potential areas of support / resistance.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧵" title="Thread" aria-label="Emoji: Thread">[THREAD]

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💡" title="Elektrische Glühbirne" aria-label="Emoji: Elektrische Glühbirne">Tips

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔷" title="Große blaue Raute" aria-label="Emoji: Große blaue Raute">Trend channels are just another tool in technical analysis which can be used to determine good places to buy or sell.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔷" title="Große blaue Raute" aria-label="Emoji: Große blaue Raute">Trend channels with a negative slope (down) are considered bearish and those with a positive slope (up) are considered bullish.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💡" title="Elektrische Glühbirne" aria-label="Emoji: Elektrische Glühbirne">Hints

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔷" title="Große blaue Raute" aria-label="Emoji: Große blaue Raute">Generally, the bottom of the trend channel is considered a buy zone while the top of the trend channel is considered a sell zone.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔷" title="Große blaue Raute" aria-label="Emoji: Große blaue Raute">Like in drawing trend lines, 𝗗𝗢 𝗡𝗢𝗧 𝗘𝗩𝗘𝗥 force the price to the channels that you draw!