Channel Patterns on Charts

making a strong channel pattern on daily chart (chart is attached), 1015 is upper channel level, 975 is lower channel level, below are some descriptions of Channel pattern, can take trade accordingly... Channel patterns consist of two parallel trendlines that indicate price movement within a range. They can be: Ascending Channel (Channel Up): Upward-sloping lines. Indicates a bullish trend. Buy at the lower trendline, sell at the upper trendline. Descending Channel (Channel Down): Downward-sloping lines. Indicates a bearish trend. Sell at the upper trendline, cover at the lower trendline. Horizontal Channel (Range): Parallel horizontal lines. Indicates consolidation. Buy at the lower boundary, sell at the upper boundary. Trading Strategies: Entry: Buy/sell at trendline touches. Exit: Close positions near the opposite trendline. Breakouts: Watch for price closing outside trendlines for potential new trends. Key characteristics include parallel trendlines and multiple price touches. Understanding these patterns can enhance trading strategies.