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Chart Formations | Channels | PFG Futures

Channels
  • Inclining
  • Chart Formations | Channels | PFG FuturesAn up-trending price bar pattern in which inclining parallel lines can be drawn through or against price bar highs and lows respectively.

  • Declining
  • Chart Formations | Channels | PFG FuturesA down-trending price bar pattern in which declining parallel lines can be drawn through or against price bar highs and lows respectively.

  • Horizontal or Sideways
  • Chart Formations | Channels | PFG FuturesA horizontal or “sideways” price bar pattern in which horizontal parallel lines can be drawn through or against price bar highs and lows respectively. Chartists frequently “buy” or (go-long) on a break up and out of the Channel or “sell” (go-short) on a break down and out of the Channel.

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See also  Contact Specifications | Trade Futures