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Channel
Like it sounds, a channel in which prices are moving. Parallel trendlines are drawn along the lows and highs of a price chart, forming a channel in which prices move. The trendlines form areas of support and resistance. Depending on the trend, the channel can be a downchannel or an upchannel.
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- Part of Speech: noun
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- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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