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<p>The Donchian Channel is a technical analysis tool developed by Richard Donchian. It consists of three lines: an upper channel line, a lower channel line, and a middle line. The upper and lower lines represent the highest and lowest prices reached over a specified period, while the middle line is the average of the two. Traders can use the Donchian Channel in different ways. It can help identify potential breakout opportunities when the price moves above the upper channel line or below the lower channel line. The channel lines can also act as dynamic levels of support and resistance.</p>
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