GMXGMX
4HRising channel · 4 touchesBreakdownConfirmed
$7.765-8.04%
Two parallel, rising trendlines containing price; breaks either way.
A rising channel is an orderly uptrend. A close above the upper line is an acceleration (breakout), a close below the lower line ends the channel (breakdown).
Channels are trends, not reversals; breakdowns from rising channels are the more common break.