A price channel is a continuation pattern with a slope upward or downward and is formed by a line of upper and lower trend. The top line represents a resistance channel and the bottom line represents a support. A price channel with a negative slope is considered a bearish channel (decreasing from left to right) and a price channel with positive slope is considered a bullish channel (increasing from left to right). In the case of downward channel, the upper channel line is just the trend line …
