Check the example chart that I am sharing that shows how beautifully stock moved in the trend line and also did a reversal from that high.

How to draw a trend line is important.

The stock is currently moving within a channel and is now undergoing a correction from its peak.

disc: No recommendation nor is the position, sharing for educational purpose
Beyond Technical AnalysisChart PatternsTechnical IndicatorspriceactionpriceactionanalysisTechnical Analysistechnicalanalysisexplained

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