Parallel Price Channels vs. Wedges: HON Chart Guide
Summary
Hollow Point Trading shares a short educational example using historical Honeywell (HON) price data to explain why parallel channel boundaries do not squeeze into a wedge on a linear scale. It compares line slopes and notes that the two observed bars demonstrate chart geometry, not a confirmed trading channel.
https://youtu.be/g4MXB6OCK9A
Parallel lines do not squeeze into a wedge #HON #PriceChannels #Shorts
Parallel channel boundaries keep the same vertical price separation on a linear scale. Two lines can rise together without squeezing closer. Compare their slopes instead of calling every rising pair a wedge. This historical Honeywell IEX example uses two declared observed bars to demonstrate geometry, not a confirmed trading channel. The first h...
