FAQs
1. What is a Parallel Channel in trading?
A Parallel Channel is a chart pattern formed by two parallel lines that act as support and resistance, showing the direction of a trend.
2. Is the channel pattern good for beginners?
Yes, it’s simple, visual, and perfect for understanding price action and trend movements.
3. Which timeframe is best for channel trading?
Higher timeframes, such as 1-hour, 4-hour, or daily charts, provide more reliable results. But a trader can trade it in any time frame as their comfort.
