Education The Basics of Technical Analysis TRENDLINES Temporary trendline penetrations are not as significant as a close beyond the trendline. CHART 9   CHANNELS When prices trend between two parallel trendlines, they form a Channel. When prices hit the bottom trendline, this may be used as a buying area, and when prices hit the upper trendline, this may be used as a selling area. CHART 10 {BACK}

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