S&P CNX NIFTY INDEX FUTURES
教育

Ascending Channel Pattern

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1. What is the Ascending channel pattern?

- Price trade within the range in an up trend, it forms a higher high and higher
low.
- The channel provides support and resistance
- Until prices continue to advance trade within the channel
- Volume Activity turns stagnant

2. How to trade it?

- If it breaks above the resistance line, extrapolate the channel range from point of the breakout point.
- If it breaks down the support line, extrapolate the channel range from point of breakdown point.

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