Hey there!
Today I've learned about trends and channels. I think they are easy to spot (specially with a larger candle period of time) and may be useful for low-risk trades.
Trend
A trend is easy to understand. The asset follows a trend in the trading scenario. It can be upwards (uptrend), so the asset will grow following a support pattern that also goes upwards. This means that the graph will touch that line going upwards. It also can be a sideways trend, where the price doesn't vary too much but it moves along a certain value. Or it can be downwards (downtrend), which I think is self-explainatory.
The trading idea is that if you see any of those patterns you can expect how the trend will follow and buy or sell that asset accordingly.
Channel
The funny thing of this are the channels. In this scenario, an asset follows a trend but its bounded from the top and from the bottom. This creates a channel where the prices will bounce between those two limits. I chose a very stable asset as the S&P500 (the 500 most important assets of America), which mostly grows slowly. In this graph should be easy to spot an upward trend through a channel. As shown in the image, we see an upward channel that wen through several months. This means that if we set a buy order in the lower part of the channel and a sell order in the upper part, we should be making relatively easy money.
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