In a clear uptrend, the lower boundary of the channel acts as a dynamic support level. So when the price pulls back to and bounces off this lower line it can be a signal for entering a trade in the direction of the uptrend.
In a clear uptrend, the lower boundary of the channel acts as a dynamic support level. So when the price pulls back to and bounces off this lower line it can be a signal for entering a trade in the direction of the uptrend.