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Nasdaq 100 Index
Short

Parallel Channel

By randallbachir
In the following graph we can appreciate an ascendant parallel channel. The different points marked with letters are the rebounds of the price in the channel making it a significant one because of the many points on it. We see a breaking on the support line, allowing us to enter with a bearish position after the break as shown.
Chart PatternsParallel Channel
randallbachir

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