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Technical

Channel

A price range bounded by two parallel trendlines. In Elliott Wave analysis, channels help project wave targets and confirm the integrity of a developing impulse or correction.

RELATED TERMS

Channeling
A technique where parallel trendlines are drawn connecting the ends of waves to ...
Trend Line
A straight line connecting two or more price points, used to identify the direct...
Base Channel
The initial channel drawn from the start of Wave 1 through the end of Wave 2, wi...
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