As it was informed by "Market Leader (US)"
Break of a Sloping Channel - Sufficient Reason to Enter into a Trade?
Classical literature on stock market analysis puts great emphasis on searching signs of a trend change. Reversal patterns, trend lines and sloping channels are mainly used for this.
I suggest we dwell on sloping channels and trend lines.
In their books, a number of authors try to represent 'the most secure' methods of drawing these tools that help to 'most accurately' define the point where the trend changes and the trade should be made.