Follow our real-time news feed for live forex news and top stories in the global financial markets. View news alerts, trending tweets, expert analysis and insights. Before a trader decides to trade an ascending or descending trading channel, they must first determine that the channel is, in fact, valid. This article will illustrate how to validate the channel ... March 21, 2020 The Market has crashed, dropping about 10,000 points in less than 30 days, aided and abetted by overvalued share prices and the… Weekly Forex Analysis, 3d – 8th May 2020, Where I Look to Buy/Sell Generally, the bottom of the trend channel is considered a “buy zone” while the top of the trend channel is considered a “sell zone”.. Like in drawing trend lines, DO NOT EVER force the price to the channels that you draw!. A channel boundary that is sloping at one angle while the corresponding channel boundary is sloping at a different angle is not correct and could lead to bad trades. • Comcast falling inside impulse wave (3) • Likely to reach 43.00. Comcast continues to fall inside the sharp impulse wave (3) , which started earlier from the resistance zone set between the multi-month resistance level 47.40 (January high) and resistance trendline of the daily up channel from June.
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