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Channel Line

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Channel Line 

the line connecting the points of maximum surface velocity of a river current. A channel line is usually located in the middle of a channel. Sometimes it is influenced by the bars, islands, and turns in a channel and draws closer to one of the banks, which in such a case is called the leading bank.



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Of particular interest is the second red channel line on the chart.
This level intersects a potential channel line at the end of September.
During an uptrend, prices will often meet new selling along an upper channel line which is drawn parallel to the rising trendline.
 
 
 
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