Channel as name shows its range between two lines (Support/Resistance), It can be further divided into Two Parts Descending Channel & Ascending Channel ( Refer Images)
Descending Channel
Ascending Channel
Key Features of Pattern :-
Trend # Overall Trend should be clear ( either Bullish or Bearish)
Entry # Either after the breach of upper Line (for Long Trade) or after the breach of down Line (for short Trade)
Stop Loss # Swing Low for Short Trade and Swing high for Long Trade,
Target # Risk Reward should be 1:2 (or more), Range of Channel can also be used for Exit plan
Volume # Breakout or Breakdown should happen with huge volume
