The disclosure discloses a touch panel with parallel electrodes. The parallel electrodes mainly include a pair of parallel electrodes in x-axis and a pair of parallel electrodes in y-axis, further forming a ring structure by means of a series connection of eight corner resistances. The ring structure is the improvement of the electrode design, and is formed on the conductive layer of touch panel with a chain of series resistances. The voltage support of the conductive layer of the ring structure is provided by the corner electrodes on the conductive layer for touch detection.