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Descending Channel
Bearish pattern with parallel descending trendlines for support and resistance.
By the TradingCalculator.Pro team · Updated on · About us
Start your 7-day free trial →What you will learn
- Reliability: Medium-High
- Timeframes: 1H, 4H, D
- Continuation Pattern · Bearish
How to Trade
- Draw parallel lines connecting highs and lows
- Entry 1: sell at channel resistance
- Entry 2: sell after bounce within channel
- Stop Loss above the channel
- Take Profit at channel support or on breakout