Traders could open a long position since the price reached the ascending channel’s lower trendline and exit the trade when price nears the upper
channel line. A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses.
This chart is for educational purpose, i would like to see insights from others.
channel line. A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses.
This chart is for educational purpose, i would like to see insights from others.